Escrow Closings
–    An escrow is a delivery of a deed by the grantor to an independent third party with instructions that it be delivered to the grantee upon the occurrence of certain stated conditions.
–    The deed is made out to the grantee.
–    Escrow agent or title company, generally.
–    The ultimate delivery to the grantee by the escrow agent is usually deemed to relate back to the date the grantor placed the deed in escrow.
–    Statue of Frauds does not apply to escrow instructions.
–    Escrow agent is in a fiduciary position.