An escrow agent (or escrow company) is an independent, third-party intermediary in a homebuying transaction who examines all documents and funds and verifies that both parties have performed their part of the deal before releasing funds and deed/title. They are often part of a title company, and in many states, the escrow agent conducts the actual settlement and completion of the homebuying transaction, seeing to it that the title is recorded with the appropriate municipality.
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