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• The holding of money or documents by a neutral third party before closing on a property. It can also be an account held by the lender (or servicer) into which a homeowner pays money for taxes and insurance.

  The Federal Reserve Board - Cite This Source - This Definition
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  Cite Definition for Escrow

  American Psychological Association (APA)

  Escrow. (n.d.). A Consumer's Guide to Mortgage Refinancings. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/escrow.

  Chicago Manual of Style (CMS)

  Escrow. www.federalreserve.gov. A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. http://www.expertglossary.com/definition/escrow (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "Escrow." A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. 3 February. 2023 http://www.expertglossary.com/definition/escrow.

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