Third Party Escrow Services

Escrow Information Center

Secured Marine Transactions

What is Escrow?

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.