An escrow is a financial arrangement where FTB Bank as “Escrow Agent” holds and regulates payment of the funds required for two parties (Buyer and Seller) involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms are met in the Escrow Agreement.
||$400 paid before Escrow Agreement Drafting/Reviewing
|*** Fee is offset with Escrow Opening Fee
|Escrow Opening Fee
||0.1% per Month
Minimum $400, Maximum 3 months