Rocker Peter Frampton will celebrate the 35th anniversary of the blockbuster Frampton Comes Alive! in a concert Friday.
Escrow and closing. Finally, you may hear someone refer to the âclosing of escrow.â Thatâs when your purchase is completed. A closing or âescrow officerâ will oversee the final paperwork and handle the exchange of funds and recording of deeds. This person, sometimes an attorney, will ensure that all the money is properly disbursed, that the documents are signed and recorded, and that all necessary conditions are met before closing the escrow.
The escrow officer will process the escrow, in accordance with the escrow instructions, and when all conditions required in the escrow can be met or achieved, the escrow will be closed. Each escrow, although following a similar pattern, will be different in some respects, as it deals with your property and the transaction at hand.