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.
An example of escrow is the holding of the deed and deposit money by an escrow agent for a home purchase while waiting for the completion of a list of conditions on both sides of the purchase.