Escrow Closing

A commonly used method of closing in which not all of the parties are present. The parties involved enter into an escrow agreement, and the escrow agent will typically obtain assurances of marketable title, collect all require funds and documents, deposit and disburse funds and record all pertinent deeds and documents. With escrow closings, the official date of title conveyance is when the title was delivered to the escrow. For more information, see the "Closings and Transactions" article in the "Real Estate In-Depth" section.

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Real Estate 101

Real Estate 101

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