Closing Services
Closing services refer to the final steps in a real estate transaction where ownership of a property is officially transferred from the seller to the buyer. This process typically involves the signing of various legal documents, the payment of closing costs, and the disbursement of funds. A closing agent or escrow officer often facilitates this process to ensure that all necessary paperwork is completed correctly.
During closing services, both parties review and sign documents such as the deed, settlement statement, and loan agreement. The closing services also include verifying that all conditions of the sale have been met, ensuring that the title is clear, and recording the transaction with the appropriate government authority.