Definition of escrow closing

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TeachMeFinance.com - explain escrow closing



escrow closing -- a type of loan closing in which an escrow agent accepts the loan funds and mortgage from the lender, the downpayment from the buyer and the deed from the seller, and completes the actions required by the transaction.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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