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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.
Buying And Financing a Home
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Table of Contents
Role of the Real Estate Broker
Terms of the Agreement of Sale
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Processing
Your Loan Application
RESPA
protection against illegal referral fees Consumer Guides -
Source:
U.S. Department of
Real Estate - Pardee Homes
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