What is Real Estate Escrow

In other words, the owner of the land (broadly defined as the land and its ground objects) trusts the land to the trustee in order to use the land effectively and to obtain income. Business, and receive trust remuneration, and transfer the ownership of the trust property back to the trustee or its designated beneficiary's trust system upon the expiration of the trust. The third party of the buyer and the seller keeps certain documents, contracts, money, securities or other property, and when certain conditions are fulfilled or a legal event occurs, the third party will hand over its deposit to a specific person.