|
Disclaimer
Settlement practices vary from locality to locality, and even within the
same county or city. Settlements may be conducted by lenders, title
insurance companies, escrow companies, real estate brokers or attorneys
for the buyer or seller. You may save money by shopping for the
settlement agent.
In some parts of the country (particularly western states), settlement
may be conducted by an escrow agent. The parties sign an escrow
agreement which requires them to provide certain documents and funds to
the agent. Unlike other types of settlement, the parties do not meet
around a table to sign documents. Ask how your settlement will be
handled.
|
