Home Buying Advice - Escrow and Settlement

What role does the escrow and settlement company play in the real estate transaction..

Escrow and Settlement

One of the services you will require for your home purchase is a escrow and settlement company. These companies hold the deposit and other funds from both the buyers and sellers until they are required to be released. They are responsible for ensuring that the deed is transfered to the buyer and the funds are released to the seller. Both the buyers and sellers Realtor will recommend a company so a agreement has to which one will be used will need to be reached.

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