A transaction involving real estate whereby one party deposits a deed or money with a third party who holds the deed or funds until the happening of an agreed-upon event is called a(n):

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This transaction is called an escrow, where a neutral third party holds onto the deed or funds until a specific event or condition is met. This is commonly used in real estate transactions to ensure that both parties fulfill their obligations before the deal is finalized. Adverse possession refers to the acquisition of property through open and continuous use without the owner's consent. Foreclosure is the process by which a lender takes possession of a property after the borrower defaults on their mortgage payments. An abstract of title is a summary of the history of ownership and legal issues related to a property.

A Transaction Involving Real Estate Whereby One Party Deposits a Deed