Close-Of-Escrow-Closing

Business / Real Estate / Close-Of-Escrow-Closing: The consummation of a real estate transaction, when the seller delivers title to the buyer in exchange for payment by the buyer of the purchase price. Closing in some areas may not occur until the documents are recorded, however, under general rules of real estate law, transfer of title takes place upon delivery of the deed to the grantee.

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