Put simply, escrow is used to make sure the funds of a real estate transaction change hands at the moment of a closing. That is not the legal definition of escrow, but it is the underlying reason to use escrow. If you are a buyer, you want your funds in the seller’s account only once the deal closes – not before. If you are a seller, you want your money when the deal closes, not later. An escrow company is the neutral entity that holds the funds until the closing is completed and disburses the funds.
REGION -Hyatt offers free COVID-19 tests for guests traveling to United States | BRAZIL -Shopee ramps up Brazilian operations with eye on region – IHS Towers gains about 1,000 sites in acquiring of Skysites | MEXICO -World Golf Championship shifts to Florida for 2021 – Netflix to open Mexico City office, spend $300 million on productions,
REGION -U.S. companies increasingly buying out peers in Latin America | COLOMBIA -Bogata firm raises $4 million for supply chain development | BRAZIL -Government sees GDP per capita making a big leap with reforms | MEXICO -New version of Eastern plans service to Cabo San Lucas – Government increases security for gold and silver mines.
REGION -Delivery Hero buys up Glovo’s Latin America operations | CHILE and PERU -Changing of the guard; Peru eclipses Chile as blueberry power | BRAZIL -Laureate Education selling off its Brazilian operations | MEXICO -Ace Hardware plans to open franchises in Mexico in 2021 -Grupo Bimbo looks to buy majority stake in maker of Modern Bread
ARGENTINA – Mexican used-car startup plans to enter market in Argentina | BRAZIL – Virtual care provider expands services to Brazil | MEXICO – Demand for diesel, gasoline bounces back as industry recovers | Apple partner looks to Mexico for new factories | Other Asian companies look to Mexico for opportunity
PERU -Peru gives OK for CBD medicines, opening way for commercialization | BELIZE -Belize plans to reopen airport for tourists Aug. 15 | BRAZIL -Energy trading firm hires banks to handle IPO | MEXICO -Struggling Interjet secures $150 million in funding -In an effort to combat corruption, military put in charge of ports