Need for escrow

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Re: Need for escrow (by Mike N.):

I guess my ignorance is showing, so please clear up some things for me. This thread as discussed Escrow and Closing companies as if they are one and the same. Aren't they mutually exclusive? Doesn't the Escrow company hold the money while the closing company does the title and deed work. While these two functions can be performed by the same company, could they be performed by two different companies?