Basic Questions about Closing and Escrow Closing on a home sale is the legal transfer of a property from one owner to another. It is also known as a “settlement” or “escrow”. Completing all the steps necessary for the final contracts to be signed traditionally takes about 30-45 days from start to finish. But in some cases, the process can take as few as 15 business days or less. Escrow is an arrangement in which a neutral third party, called an escrow holder, holds legal documents and funds on behalf of a buyer/seller. People
Homes & Real Estate
buying/selling real estate often choose escrow for their protection and convenience. The escrow holder distributes funds and documents per the buyer’s and seller’s contract. You’re Title and Escrow Company is part of the transaction to make sure that all instructions are mutually consistent and carried out, or to communicate issues that arise.
The experienced Insurance and escrow professionals of Fidelity National Title. (L to R): Mary Felton, Senior Account Executive and Michelle Williamson, Ohio Operations Manager.
For all of your title needs, contact Fidelity National Title at 440-284-5131 or visit www.ohio.fntic.com/ sheffieldvillage