P a t r i c k J e f f r e y R e a l t yAn escrow account holds funds that are deposited for a specific purpose (to pay for a required repair, for example). The funds are held by an escorw agent - often an attorney representing either the buyer or seller. The escrow agent is only allowed to disburse the funds in accordance with the provisions of a written document or with the consent of all parties to the transaction.
