Glossary

TITLE CLOSING AND ESCROW

Closing Meeting- meeting at which the buyer pays for the property and receives a deed to it andall other matters pertaining to the sale are conclude

Escrow Agent- the person placed in charge of an escrow

Escrow Closing- the deposit of documents and funds with a neutral third party along with instructions as to how to conduct the closing

Prorating- the division of ongoing expenses and income items between the buyer and the seller

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