Chapter 12 Flashcards
1
Q
A closing procedure in which an appointed agent handles all the closing details rather than having them handled in a face-to-face meeting between buyers and sellers.
A
Escrow closing
2
Q
The party who schedules and coordinates the closing process. Usually a representative of a title company or lender or the lawyer for the buyer and the seller.
A
Closing Agent
3
Q
a disinterested third party who coordinates the closing.
A
Escrow Agent
4
Q
Pretains to the effective date that title passes if the closing is performed in escrow
A
Doctrine of Relation Back
