1. A buyer and seller make an agreement. This practice note discusses the treatment of escrow agreements in bankruptcy cases.Escrow Holder is authorized and directed to deposit any and all funds received in this escrow in an. THIS ESCROW TRUST AGREEMENT (this "Escrow Agreement") is entered into as of. Escrow is a legal term for a financial instrument in which a third party holds an asset or money on behalf of two other parties who are completing a deal. Below you will find links to useful forms and documents for easy and convenient access. FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of Riverside Bank of. When the property insurance or taxes are due, the bank will withdraw funds from the escrow account to pay the costs. For example, in a real estate transaction, the escrow account does not belong to the buyer or seller. Appellee Brandywine Associates, Ltd.