The concept of putting money down in an escrow account before you receive title to your property is such a familiar occurrence in common law jurisdictions we don’t often give it a second thought. In fact, in some states in the US such as California, to transfer a property is to ‘close escrow’. In real estate terminology, an escrow can be defined as an impartial holding of documents or funds related to the sale and transfer of a property. An escrow is designed particularly with consumer protection in mind safeguarding your rights should anything go wrong before the transfer of the property. Nevertheless, an escrow system does offer equal protection to all parties involved including the seller, developer, and agent