How does escrow works?

[waterpile]

is there someone bored or have a free time to briefly explain it to me. thanks

[AirC]

Its just a third party member who holds the funds, until both sides agree.

Heres a perfect example:

www.escrow.com

[deebob]

Just like the person said above, its usually a trusted member like John K.

Who holds the funds, based on the agreements etc. Then funds are released with the okay sign with the buyer.