The Escrow Agreement (Form ESC) is used when money must be placed in escrow in order to proceed with settlement. The funds are secured in an escrow account.The Initial Agreement and Deposit. An effective agreement is a legal arrangement between a potential purchaser and the property's seller. In Pennsylvania, escrow typically takes 3090 days, depending on whether issues arise during the process. In addition, you will need to choose an escrow, verify the signing authority, and sign the property title and other closing documents. Escrow is a neutral, thirdparty account used to hold funds or documents on behalf of people in a transaction. We have the largest and most experienced closing and escrow staff in the area.