Escrow

In the OCRMI short-term radon measurement report recommendations, we talk about lodging money in escrow to cover remediation and radon mitigation.   

While this is a standard practice in real-estate transactions, frequently used for major repairs or minor alterations that need to be completed prior to closing, escrow is still a term that is not well understood.  For those who want to know what escrow is all about, check out the short video below where we try to explain it in simple terms.