what is means we will be closing in escrow
What does 'closing in escrow' mean? Unfamiliar legal and financial phrases are very much part of buying a home. You may encounter the term âclosing in escrowâ if one or more of the stipulated conditions for the completion of the contract have not been met. This could be as simple as unforeseen delays at the land title office or in the transfer of funds. Until these conditions are met, a third party holds the money or documents in escrow. Escrow closes when all of the conditions of the transaction have been met and the title of the property is transferred to the buyer.