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.
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.
By
Lawrence A Kobrin And Timothy GallagherThis premium content is locked for New York Real Estate Law Reporter subscribers only
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