Escrow Release

Intermediate 🏠 Real Estate

Definition

The disbursement of funds held in escrow upon satisfaction of contingencies, basically permission to finally relax.

Example Usage

Once the inspection contingency was satisfied, the lender approved the escrow release.

Origin

Real estate transaction terminology

Fun Fact

Earnest money is typically released to the seller at closing or returned to the buyer if contingencies aren't met.

Source: Real estate transaction and escrow terminology

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