Definitions for "DOUBLE ESCROW"
Two concurrent escrows on the same property, having the same party as buyer and seller of the property. Example: escrow 1-a buys from b. Escrow 2-a sells the same property to c, a is using c's money to buy b's property. The process is illegal in many states unless full disclosure is made.
Two separate closings on a property occurring simultaneously, as in buying and re-selling the same property at the same time. May also refer to closing on two entirely different transactions at the same time, such as buying mortgages to use as payment for buying a property at the same time.
The use of one escrow to purchase and resell a property.