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.
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]
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 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]
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]