Funds withdrawn from a borrower's escrow account, by the mortgage servicer, to pay property taxes and insurance.
Escrow statement
Declaration by an escrow agent (independent third party) that instruments or property are being held in accordance with the agreement to the parties in a real estate deal.
Escutcheon
(1) Metal plate that holds a doorknocker. (2) Metal plate around a keyhole. (3) Circular trim piece around faucets or showerhead, etc. and covers the opening where the pipe goes into the wall.
Escutcheon pin
Decorative nail designed to be visible when it is used.
Estate
Total assets of a person at the time of death, including real estate and personal.
Estate at sufferance
The wrongful occupancy of property by a tenant after the lease has expired.
Estate at will
The occupation of real estate by a tenant for an indefinite period, terminable by one or both parties at will.
Estate for life
Interest in property that terminates upon the death of a specified person.
Estate for years
An interest in land allowing possession for a specified and limited time.
Estate in revision
An estate left by the grantor for himself/herself, to begin after the termination of some particular estate granted by him/her. For example, a landlord has an estate in revision, which becomes theirs to possess when the lease expires.
