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Definition of term

Escrow is a service that helps protect buyers and sellers in a real estate transaction. The escrow company holds the buyer's earnest money deposit and any other funds until the deal is closed. Escrow protects the buyer if the seller backs out of the agreement, and it protects the seller if the buyer fails to come up with the rest of the purchase price.

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555 Marriott Dr., Suite 315,

Nashville, TN 37214