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By Mortgage Questions

November 3, 2023

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The illustration provides a visual representation of the escrow process in real estate. It uses simple, clean lines and icons to depict the following steps: 1. Earnest Money Deposit: A hand placing money into a document labeled ‘Escrow,’ indicating the initial deposit made by the buyer. 2. Escrow Agent Holding Funds: An escrow agent holding the funds with icons representing home inspection and appraisal, symbolizing the safeguarding of money until conditions are met. 3. Transfer of Ownership: The escrow agent handing money to a house, representing the final transfer of funds and property ownership once all conditions are fulfilled. This minimalist design and limited color palette make the illustration easy to understand at a glance, helping to explain the escrow process to those unfamiliar with real estate transactions.

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