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Third Party Escrow Services
Escrow is designed to protect both buyer and seller in financial transactions. Both parties are protected from potential risk or fraud by entrusting a third party to hold and pay out the monies involved in a sale or settlement. The most common form of escrow is in real estate transactions, but escrow is used for a broad range of products and markets, including boats.
For more information visit Secured Marine Transactions
Content courtesy of National Marine Bankers Association