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Escrow Account

Escrow -The closing of a transaction through a third party called an escrow agent, or escrowee, who receives certain funds and documents to be delivered upon the performance of certain conditions outlined in the escrow instructions.

Escrow account -The trust account established by a broker under the provisions of the license law for the purpose of holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction.

Escrow instructions -A document that sets forth the duties of the escrow agent, as well as the requirements and obligations of the parties, when a transaction is closed through an escrow.

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After welcome signs of growth in housing earlier this year, home sales and prices are likely to wilt again in the summer heat, a victim of rising foreclosures and weak demand. Real estate pricing - Business - Country music - Real estate - Business and Economy [read more]

The real estate buyer and developer who paid $360,000 for Andrew Romanoff's house said sellers seek him out because he pays cash, forgoes steps such as inspections and makes easy terms for owners who need to stay in their homes for short periods. [read more]

The online marketplace that connects the startup and small business community with investors introduced a new program to help entrepreneurs get funding for their real estate business. [read more]

Fresh off a national title, Alabama remains the favorite to be the best team in college football in 2010. [read more]

With all the fuss surrounding the iPhone 4 antenna hopefully behind us at this point, we can now focus on non iPhone 4 related news for a change. Helping things to that end, Apple earlier this week released a slew of new product upgrades alongside a completely new product as well. Read more [read more]

The Athens County Sheriffs Office says Arthur Gish, 70, died after flipping his tractor at his farm on Dutch Creek Road. [read more]

Federal tax dollars have saved about 185 local foreclosed properties from descending into disrepair. [read more]

The rape, "didn't last long, but it seemed like ages to me," Sypher said. After the rape, Sypher said Pitino told her he needed a ride home. She claims she was in shock and all she wanted to do was to [read more]

There's even more dirt on Justin, Kasey talks about his new tattoo addiction, Ali defends Jonathan, and more [read more]

June was a big month for Massachusetts realtors. According to the Warren Group, single family home sales increased by 28 percent across the state. In Hampshire County, home sales are up 50 percent from last year. [read more]

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(RTTNews) - Inflation of India's rate of annual food prices, as measured by the wholesale price index, or WPI, for the week ended July 17 dropped to a single-digit of 9.67 per cent for the first time this year, after staying at 10 per cent for the fourteenth continuous months. [read more]

Brazilian traders are betting central bank President Henrique Meirelles will end increases in borrowing costs too soon to keep inflation in check. [read more]

Accra, July 28, GNA - The Annual Producer Price Index (PPI) went up by 3.28 percentage points in June, bringing the respective yearly change between June 2009 and June 2010 to 19.42, down from 16.14 per cent. [read more]

City officials set the 2010 mill rate this week, dropping it from $24.70 per $1,000 valuation to $23.40 per $1000. [read more]

Kenyas central bank unexpectedly cut its benchmark interest rate by 0.75 percentage points, bringing further pressure to bear on the countrys commercial lenders to make even deeper reductions to their lending rates. [read more]

Borrowers will be spared an interest rate rise on Tuesday and it & #39;s unlikely that there will be another rate rise until the end of the year. [read more]

Memphis foreclosure rate declines, according to RealtyTrac. [read more]

Though the economy is still reeling after a few rough years, the 2009-10 Annual Giving campaign raised $48,582,819, the third highest total since its establishment in 1940. Surpassing this years initial goal of $46 million, the total was almost $4 million more than the $44.6 million raised during last years campaign. Undergraduate alumni participation also exceeded the 60 percent mark for the ... [read more]

Economic growth likely slowed in the second quarter as a capital investment drive by businesses was sated by imports and consumer spending tapered off, a government report is expected to show on Friday. [read more]

New Zealands central bank raised its benchmark interest rate for a second month to control inflation, and said that the pace of future increases is likely to be slower than it previously indicated. [read more]

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