Most contracts that involve the transfer, lease, or financing of real or personal property can be placed in Escrow. You may be involved in Escrow not only when you buy or sell a home, but also when you buy a mobile home, sell a business, or transfer stock in a closely held business.
Prize fighters have even been known to have their purses guaranteed through an Escrow depository. The Buyer and Seller should demand the protection of Escrow for any transaction with a substantial investment.
