Washington state's escrow process is similar to other states where an escrow agent is used to complete the transaction. You can now pay your rent into an escrow account.How do I set up an escrow account? An escrow holdback is the act of collecting additional funds at closing that will be refunded after necessary repairs have been made to the purchased property. Answers to frequently asked questions related to Title Insurance, Escrow, Closing the Escrow, CFPB, and local utilities information. An escrow holdback can benefit both buyers and sellers in some situations. For buyers, it can ensure that the repairs are done properly and in a timely manner. The individual person who handles your account is usually referred to as the escrow agent. A section will usually be dedicated to the buyer and their personal information.
