Where did the term “opening escrow” come from? Is it a box, like Pandora’s, that some person with a special designation has to open for your home sale to move forward? Does it require a magic wand or an Etch A Sketch? I’ve only been a Realtor since 2001, so I may have missed the origination of this reference. As far as I’ve ever known, opening escrow means sending the fully executed contract to the designated escrow company and waiting...Read More
November 29, 2018
The New York Interest on Lawyer Account Fund (“IOLA”) The New York State Interest on Lawyer Account Fund (“IOLA”) helps low income people in New York State obtain help with civil legal problems affecting their most basic needs, such as food, shelter, jobs and access to health care. The IOLA program is a partnership of lawyers, banks and community organizations. It produces millions of dollars each year to finance legal aid for low income New Yorkers and improvements in the administration of justice throughout New York State.