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Behind the Scenes of Real Estate Closings | Real Estate News
When a real estate deal closes, it’s not just about handing over keys—it’s a behind-the-scenes legal ballet involving title companies, escrow agents, and sometimes lawyers. Title firms dig into property history to spot hidden claims or debts, while escrow holds funds and documents until all conditions are met. In ten states, attorneys must oversee the closing to ensure legality. Who picks the escrow company? It varies by region—often the buyer pays, but local customs differ wildly. Always review your preliminary title report for name matches, liens, and easements—and never assume earnest…
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