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.
Escrow is opened after the buyer and seller sign a purchase agreement and a deposit is given. The buyer or the seller can open escrow. Escrow is opened by taking the purchase agreement and deposit to an escrow company, title company, real estate broker or attorney for safe keeping and processing.