Closing -- or settlement or escrow -- is essentially a meeting where the closing agent (the party who conducts settlement) takes in money from the buyers, pays out money to the owner and makes sure that the purchaser's title is properly recorded in local records along with any mortgage liens. All papers have been prepared by closing agents, title companies, lenders and lawyers. This paperwork reflects the sale agreement and allows all parties to the transaction to verify their interests. For instance, buyers get the title to the property, lenders have their loans recorded in the public records and state governments collect their transfer taxes.
To learn more about selling your properties and getting FREE and NO OBLIGATION property value, contact one of our knowledgeable ASSOCIATES or email us at SELLINGINFO@SBAREALTY.US We look forward to partner up in servicing your real estate needs.
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