|
Generally, an escrow period for the sale of Real Estate is the time from when an offer to purchase is signed by the buyer and seller and the time the new buyer takes possession of the home. Many things have to happen during the escrow period; the loan is approved and funded, all the inspections are performed, all documents and disclosures are signed. After everything is ready, the money changes hands and all the deeds are signed and recorded. This ending is called the Close of Escrow. |
