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escrow officer

A professional who holds in escrow, funds, legal papers, and other collateral posted by contracting parties to ensure fulfillment of contracts or trust agreements. Responsibilities include:

  • Prepares escrow agreement.
  • Executes terms of contract or trust agreement, such as holding money or legal papers, paying off mortgages, or paying sums to designated parties.
  • Files and delivers deeds and other legal papers.
  • May assist buyer to secure financing.
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  • Jason F
  • (United States of America)

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