Closing The Transaction
Closing escrow is a legal transfer of title to the
property from the seller to the buyer and is the culmination of the
transaction.
Once all the conditions of the escrow have been satisfied, the escrow
officer advises you of the date the escrow will close and takes care of
the technical and financial details. Usually the Grant Deed and Deed
of Trust are recorded within one working day of the escrow's receipt of
loan funds. This completes the transaction and signifies the "close of
escrow".
The title company will then disburse the documents and monies to each
party involved in the transaction, and the keys to the home will be
turned over to the buyers.