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.
Your response to the seller's delay can make or break the deal. The escrow process can be stressful for buyers and sellers alike. Inspections and mortgage applications give buyers long to-do lists with tight deadlines, while sellers stay busy making repairs and preparing to close on their new homes. It's common for one party to ask to delay closing escrow.