Thank you for the heads up on the others who provide this type of service but the guy that I am dealing with requested someone specific that he trusts.
And who might that have been? The entire point of an escrow is that BOTH the buyer AND the seller trust it. If only the seller trusts it, how does the buyer know whether or not the escrow is just another sockpuppet of the seller?
The idea is that you are using a NEUTRAL third party to hold something during the transaction, and to arbitrate any disputes that may arise.