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 first situation is very easy. If both buyer and seller still want to complete the transaction, then everyone continues upon their merry way, and you close the escrow as quickly as you can. If the delay is only going to be a few days, there should be nothing to sign, no additional paperwork, and it just closes late.