Escrow & Title
An escrow account is best described as:
AA personal savings account for the buyer's down payment
BA neutral third-party account holding funds until closing conditions are met✓ Correct
CThe lender's operating account for processing loans
DA government-controlled account for property taxes
Explanation
An escrow account is held by a neutral third party (escrow officer or title company) and contains funds (earnest money, closing costs) that are disbursed when all contract conditions are satisfied at closing.
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