Talk:Escrow

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Contents 1 Hey, wait! 2 Example 3 French escrow vs. Anglo-American escrow 4 can we reword this? 5 What percent of funds in the US economy is held in escrow? Other questions... 6 Internet Escrow

[edit] Hey, wait!

In the very first sentence of this article, escrow is defined in terms of itself. —Preceding unsigned comment added by 64.105.104.87 (talk) 02:47, 6 April 2008 (UTC)

[edit] Example

Here is an example of an escrow arrangement. A travel service company has a contract to supply cars to company A. The travel service company buys cars for the purpose taking loan from a bank for purchase of cars. The loan will be repaid by company A. This is an escrow arrangement between the bank, travel service company and company A.

From the above example we’ll get to know the Escrow contract is made for making happy to both parties who involves in these contract. A bank plays a vital role in these contract bank will provide a guarentee to both parties. It is a very advance procedure in which bank will make agree for their pertiquler contract to both parties

UDAY PATEL (fireeyes321@yahoo.co.in)

Jesus, someone needs to reword the ABOVE! haha 88.110.5.127 21:27, 22 July 2006 (UTC)

I can't see how the above has anything to do with escrow. Sorry, but no, it's not an example of an escrow arrangement! Poweroid 16:04, 30 October 2006 (UTC)

[edit] French escrow vs. Anglo-American escrow

A word from a french reader passing by :

I don't feel that my incoming information deserves to be in the main article, but yet I find an interesting difference here between the french and anglo-american ways of thinking.

The english word later on adapted in France, gave in France the word «escroc», which means con artist.

That must certainly be that the French and anglo-americans don't consider money the same way, with guilt on one side and pride on the other.

(I don't have a wikipedia.org account but if you really with to know, i'm Sabin@fr.wikipedia.org)

Escrow funds do have a pretty bad reputation in western society. A lot of mezzanine funds and shady real estate trusts have been known to use escrow funds to launder and embezzle money. It's pretty easy to do - the moment the escrow account is not held by a "neutral third party" a massive conflict of interest arises. So, I think it's very intertesting and relevant that the French term means con artist. I'm not sure if it's wide spread enough to be mentioned on the article though. --DreamsReign 23:40, 2 May 2006 (UTC)

[edit] can we reword this?

"Software source code escrow agents hold source code in escrow in the event that the creator of the source code refuses or is unable to release the source code to the user of specialised software if that software no longer functions or in certain other events, or once the vendor company goes bankrupt, then client has the right to demand the source code."

Would someone reword it to make it clearer? Poweroid 15:29, 10 May 2006 (UTC)

• I'm really getting sick of Wikipedia's "definition" articles that only rocket scientists and attorneys can decipher. What ever happened to plain, understandable English? All articles should be written so that a six-year old can understand them and explain them to their three-year old brother. 21:00 31, October 2006 (UTC)

It's reworded now ;) Poweroid 15:48, 1 November 2006 (UTC)

Sheesh, thats not as bad as any of the statistics articles :s 131.111.200.200wikibaronofbeef131.111.200.200

[edit] What percent of funds in the US economy is held in escrow? Other questions...

How can funds not earn interest while in escrow? Wouldn't one have to actually put currency into a vault in order to not earn interest? It seems impossible that any mortgage company can hold our funds and not benefit from it? Of course the homeowner doesnt' receive interest on the funds. Is there a governmment agency that monitors escrow funds? How does a mortgage company prove that they haven't used our funds for other purposes? I hope that some persons can expand the explanation of "escrow" to include the types of use of the funds/property that are allowed/monitored. Also the economy angle would be something to know. —The preceding unsigned comment was added by Campchris (talk • contribs) 21:18, 2 April 2007 (UTC).

Regular deposit accounts are monitored by the Federal Reserve. I don't know if Escrow accounts are governed by the same laws, but it would stand to reason that they are. The Federal Reserve allows banks to re-invest over 90% of the money deposited in savings and other accounts. The interest rate that are set by the head of the Federal Reserve (used to be Allan Greenspan) affect how much money goes back out into the market in the form of loans. I am not sure if "Escrow Accounts" held by separate escrow agencies are governed by those same laws, but I would not be surprised if they were. Granted, escrow funds being physically held in a bank would almost definitely be in the market. It would be interesting to know the actual laws and practices involved here. After all, an escrow account is maintained for the life of the mortgage, often 30 years, to pay property taxes and insurance. Maybe I'm confusing who holds the escrow account through repayment as opposed to escrow regarding who holds the house while waiting for funding to go through. That could also be made clearer in the article. —Preceding unsigned comment added by 72.8.68.248 (talk) 23:25, 30 August 2007 (UTC)

[edit] Internet Escrow

Since I've been editing the Internet escrow page, I decided to contribute to this page. Since Internet Escrow Fraud is rampant, I've also decided to include the names of the only legitimate online escrow sites based in the United States my research has turned up (Escrow.com and iEscrow). I feel this is consistent with the tone of the article as it is the same thing that was done with PhotoEscrow. Also, I linked back to the Internet Escrow page, as I think this it is something readers would appreciate more information about, as was done with Source code escrow.