Escrow is a process that helps ensure a smooth and secure transaction for both the buyer and the seller. The Escrow process involves a neutral third party, known as the Escrow Agent, who holds onto important documents and funds until the conditions of the transaction are met. To ensure a successful transaction, it’s important for both the buyer and the seller to understand the common Escrow terms. Here are some of the most common Escrow terms: Escrow Agent: This is the neutral third party who holds onto the funds and important documents until the conditions of the transaction are met. …