When you purchase a new home, escrow is a word that you will hear numerous times from different parties. There are several types of escrow accounts that will be established, and you may be wondering where your money will go when placed in an escrow account or how it is applied to your transaction. By taking time to learn more about the escrow process, you can be a more informed buyer. Your Initial Escrow Deposit Within a short period of time after your offer is accepted by the buyer, you will be required to make an escrow deposit to the…