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Escrow Closing Mechanics

These days, most closings are conducted through a depository intermediary, usually the title company. This article seeks to examine just what this development has brought us, and what new precautions practitioners should consider.

19 minute readJuly 30, 2013 at 10:25 AM
By
Lawrence A Kobrin
Timothy Gallagher
Escrow Closing Mechanics

Not so long ago, the “closing” of a transaction ' ranging from a simple one-family house transfer up to a complex commercial purchase ' meant that all of the parties and all of their attorneys and advisers, the lenders and their counsel, and the title insurance company or companies would squeeze into a room, exchange happy or sad looks, and trade multiple documents.

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