What Does “Close Of Escrow” Mean?

What Does “Close Of Escrow” Mean?

Close of escrow is a term commonly used in real estate transactions to signify the final step in the process where the sale of a property is completed. Here’s a more detailed breakdown of what it involves: 1. Completion of Conditions: All conditions of the purchase...
What Is A Quitclaim Deed

What Is A Quitclaim Deed

In California real estate transactions, a quitclaim deed is a legal document used to transfer ownership interest in a property from one party (the grantor) to another (the grantee). Here’s how it typically works within the context of an escrow: 1. Initiation:...
How FinCEN Can Impact Your Escrow

How FinCEN Can Impact Your Escrow

In the ever-evolving realm of real estate, adherence to regulations is imperative. Among the regulatory entities requiring diligent attention is the Financial Crimes Enforcement Network (FinCEN). With an increasing number of buyers opting to secure title within their...