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.

Was this article helpful?

0 0
Real Estate 101

Real Estate 101

This book makes it easy to not only buy a home, but figure out everything that you need to do, even get a loan. In simple and easy to understand language, it talks about where you should buy a home, what to look for in a home, how to find a home, how to get an agent, how to get a mortgage and more. This is a step by step process that you, a new home buyer, can use to purchase a home.

Get My Free Ebook

Post a comment