| The final stage of a closing occurs with the transfer of title from one party to another. The commitment for title insurance is normally ordered when the real estate contract is agreed to by both buyer and seller.
The title or abstract company handles the escrow, which is a third party that transfers the money and documents (including title and deed) to and from the buying and selling parties. The escrow company prepares documents, draws up the closing statements, obtains necessary signatures, records documents and receives and disburses funds.
We are affiliated, at Dalrymple Residential, with a sister title company, "Dalco Closing & Title", that can answer any specific questions.
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