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Escrow is a legal arrangement where a (such as a title company, attorney, or bank) holds and manages funds and documents during the home-buying process . It ensures that neither the buyer nor the seller can take advantage of the other, as money and the property deed are only released once all contract conditions are met. The Step-by-Step Escrow Process The "escrow period" typically lasts between 30 and 60 days . What Is Escrow? Everything You Need To Know - Credible