What does the public escrow on the real estate license mean?

Relevant information shows that public housing escrow refers to a legal practice that the state housing management department manages the house on behalf of the owner of the house because the owner is unknown, abandoned or uninhabitable or for other reasons, or the owner entrusts other citizens and legal persons to manage his house on behalf of him. If the owner of a house entrusted by the state does not claim rights within a certain period of time (usually two or three years), the government will nationalize it through certain legal procedures, such as issuing announcements and other documents, and then the ownership of the house will be transferred to the state, and the government has the right to dispose of it at will according to law.