Escrow is an independent, trusted third-party which helps buyers, sellers, lenders and any other persons involved in the transfer or change of ownership or vested interest. They hold money in a trust account and follow all parties’ instructions while working impartially with all parties. They will also do all the necessary paperwork or investigation of the business for government liens, lender liens, tax liens, private liens, etc. to find out the nature of the title and ownership or vested interests. They coordinate with all government entities, lenders, landlords and all other parties who have a vested interest. American escrow companies are licensed by the government to conduct escrow services, however attorneys and licensed brokers are also authorize to conduct escrow services. They follow the instructions of all parties, they will not dispense money or documents until the changing of ownership, they complete all necessary clearances from all parties, and perform the appropriate recordings.