Escrow is a handy tool that protects multiple parties from losing their hard earned money during certain transactions. You typically hear of escrow used in real estate sales. A couple looking to buy a home will put their money in escrow, which is kind of like a holding fund, where it will be held until the deal is complete. The fact that the money is in escrow is satisfying to the seller because he or she knows that the couple is good for the cost of the home sale (or at least the down payment). The real estate agent gets the same satisfaction, knowing that his or her commission is intact and ready to be taken out as soon as the home sale goes through; and of course the couple gets satisfaction in knowing that their money is safe and sound until the deal is done. The problem happens when the money is taken out of escrow and not all of it is withdrawn. These extra or lost escrow amounts typically go to the treasury for state keeping, and that is where they have been building up. Now, whether you were a home buyer, seller or real estate agent, you may finally be able to get your hands on any amounts of lost escrow that may be coming to you.

<\/p>

Escrow is a handy tool that protects multiple parties from losing their hard earned money during certain transactions. You typically hear of escrow used in real estate sales. A couple looking to buy a home will put their money in escrow, which is kind of like a holding fund, where it will be held until the deal is complete. The fact that the money is in escrow is satisfying to the seller because he or she knows that the couple is good for the cost of the home sale (or at least the down payment). The real estate agent gets the same satisfaction, knowing that his or her commission is intact and ready to be taken out as soon as the home sale goes through; and of course the couple gets satisfaction in knowing that their money is safe and sound until the deal is done. The problem happens when the money is taken out of escrow and not all of it is withdrawn. These extra or lost escrow amounts<\/a> typically go to the treasury for state keeping, and that is where they have been building up. Now, whether you were a home buyer, seller or real estate agent, you may finally be able to get your hands on any amounts of lost escrow that may be coming to you.<\/p>\n\n