in escrow

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Related to escrow: Escrow account, Escrow payment

in escrow

Held as an escrow, that is, in the custody of a third party until some condition or conditions (of an agreement, bequest, etc.) have been fulfilled. The sum of money my late grandfather bequeathed to me will be in escrow until I turn 18.

in escrow

In trust with a third party for delivery after certain conditions are fulfilled. For example, Our down payment on the house is in escrow until the current owner makes the promised repairs . This legal term dates from the late 1800s.

in escrow

In trust as an escrow.
References in periodicals archive ?
Oakwood Escrow is a new independent escrow company located in Rancho Bernardo.
Board members have planned educational seminars, workshops and dinner meetings for local escrow professionals.
Three-party agreements, which are signed by the vendor (the escrow depositor), the licensee (the escrow beneficiary), and the escrow agent, offer more customization and service options to satisfy unique escrow requirements than do two-party agreements.
An escrow usually takes the form of a written agreement between a buyer, seller and an escrow agent.
It would be unfair to the owners not to be able use back rent owed or damages to the apartments as an offset to the escrow because of the start-up dates of the policy," he said.
Many indications of escrow officer participation in fraud can be found in the REO file itself or with relatively little investigation outside the file.
Real estate escrows performed by independent escrow companies licensed by the California Department of Corporations do not have the limitations imposed on Broker Controlled Escrows, and provide broad indemnification protections.
Anyone still in the middle of an escrow transaction with either Universal or Sacramento Title companies is asked to call those offices Monday and speak to Department of Insurance officials who will be there.
A taxpayer seeking a like-kind exchange may not initially understand why a qualified intermediary is needed, and may think that the use of a deferred sale escrow (as described in Example 1) will suffice.
Brokers can help protect a client's position by encouraging the use of an escrow agent," said William Voss, president of ESNY.
Representatives of the title and escrow businesses named in the suit could not be reached for comment on Friday.
Taxpayers entering into escrow or other transfer agreements with respect to contested liabilities should be mindful of these court decisions, as well as the Service's position.
First Independent Escrow (FIE), founded by attorney Howard J.
The escrow agent, The Bank of New York Trust Company, N.
Four years after their escrow company failed amid allegations of a $2.