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Escrow Closing

 

As an escrow closer, it is the responsibility of the closer to hold all legal documents and funds on behalf of the buyer and seller, and distribute them according to the buyer's, seller's and lender's instructions. The escrow closer is normally a neutral third party.

The escrow closer can help assure that requirements for clear title are met and that outstanding liens, judgments, mortgages, and taxes are paid in full. It is the closer's responsibility to release funds to the appropriate party, ensuring payment is received.

The instructions the escrow closer follows are written documents, typically the Real Estate Sales Contract that is signed by all interested parties and instructions from the lender if one is involved. These instructions direct the escrow closer to the specific steps that must be completed so the transaction can be closed.

Fees for the services provided by the escrow closer may be obtained by contacting said closer.

 

 

         

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Colby, Kansas

(785) 460-1858

Fax: (785) 460-1857

angela@qualitytitleabstract.com

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