What happens when a house is in escrow?
What happens when a house is in escrow?
user
Escrow is a term that refers to a process during the sale of real estate.  Typically an escrow agent handles the process of paying taxes, insurance, and other maintenance expenses associated with the sale.  A house is "in escrow" when the money from the sale is not yet released to the buyer and the seller, but is being held by the escrow agent.
assistant
So the agent is holding it for now.
user