What is Escrow
Escrow is an arrangement in which a disinterested third party, called an escrow agent, holds legal documents and funds on behalf of a buyer and a seller, and distributes them according to written instructions.
People buying and selling real estate often open an escrow for their protection and convenience. The buyer can instruct the escrow holder to disburse the purchase price only upon satisfaction of certain prerequisites and conditions. The seller can instruct the escrow holder to retain possession of the deed to the buyer until the seller’s requirements, including receipt of the purchase price, are met. Both rely on the escrow holder to carry out faithfully their mutually consistent instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out.
Escrow is convenient for the buyer and seller because both can move forward separately but simultaneously in providing inspections, reports, loan commitments and funds, and deeds, using the escrow holder as the central depositing point. If the instructions from all parties to an escrow are clearly drafted, fully detailed and mutually consistent, the escrow holder can take many actions on their behalf without further consultation. This saves time and facilitates the closing of the transaction.
Ingredients
3 (8 ounce) boxes Cream Cheese
1/2 Cup Sugar
1/2 Cup Brown Sugar
1 tsp Vanilla Extract
1 (12 ounce) bag Mini Chocolate Chips
1 (8 ounce) bag Toffee Pieces
1 (20 ounce) bottle Caramel Ice Cream Topping
Directions
Cream together the cream cheese, sugar, brown sugar, and vanilla extract.
In a casserole dish, spread the cream cheese mixture into the bottom of the pan.
Completely cover the cream cheese mixture with the chocolate chips and chocolate toffee bits.
Drizzle liberally with the caramel sauce.
Chill or serve immediately with apple slices.