Definitions for "ESCROW CLOSING"
The occasion where sale of a home is finalized, the buyer pays the mortgage, and closing costs are paid.
When all conditions for the real estate transaction are met and the property title is transferred to the buyer.
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.
Often meaning the same as closing, especially in states where deeds of trust are used instead of mortgages.