Escrow and Closing

After your loan is secured, we start the process of finalizing the home purchase transaction, and much of this work is performed by a neutral party called an escrow agent. The escrow agent collects and reviews all necessary documents, holds onto any funds that will be transferred, determines the allocation of closing costs, and arranges for signatures on legal documents. A few days before your closing date, you will meet with the escrow agent to sign a whole bunch of documents. I am not required to be at this meeting, but I do attend if you want me to.

The sales transaction is officially "closed" when the escrow agent has forwarded the deed to the county and it is recorded.