What is the escrow process?
The escrow process marks the end of any real estate transaction. It gives the sellers, buyers, and lenders a chance to check whether they are getting what they deserve from a particular real estate transaction. It is also the time for paying closing costs and transferring property titles under the name of the homebuyer. During this process, an escrow company is hired in order to make sure that all goes well among all the parties involved. The preferred escrow company then chooses one of their skillful closing agents and assigns them to handle all the necessary steps related to closing in on a property. What are you required to do during the closing process? The most important thing you should do during the closing process is to set a specific date for meeting your lender and sellers. After coming up with a potential date, you can tell your real estate broker about it and ask him to relay this information to your seller and lenders. Once they approve your request, the closing process wo
