closing company

closing company

A company or firm that conducts real estate closings, also called settlements. The closing company does not represent any party to the transaction, but merely ensures that all documents are properly signed and all monies collected and disbursed according to the parties' contract.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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