What does Pending Escrow mean from my Next Step column?

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What does Pending Escrow mean from my Next Step column?

Ownwire Real Estate Auctions On Wed, Oct 13, 2004 02:55 AM

After a service auction has been awarded the service provider would see Pending Escrow under their Next Step column if the auction owner (buyer) has not funded the escrow account for that auction.

When a buyer successfully forwards funds for the awarded bid amount this Next Step column will change reflecting the next stage for that service auction.

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The escrow process after a real estate auction is won

Invoice Generation and Transaction Fees

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