Agency Closing

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • closing company
  • supervisor
  • firm

Definition of Agency Closing

  1. The use of a title company or agency to supervise the closing meeting where the property is transferred and mortgage is finalized.

Related Terms and Acronyms

  • Agent (agt) Bank,
    • A person who acts on behalf of another. In real estate, an agent is a person who conducts transactions on behalf of sellers and sometimes buyers.
  • Title Company Definition,
    • A company that checks a property's title for liens and other obstacles to sale, fixes any clouds to title, supervises the closing transaction, and makes sure that money transfers in a purchase are processed correctly.
  • Abstract of Title (ab) Abbreviation,
    • A written history of all the transactions that bear on the title to a specific piece of land. An abstract of title covers the time from when the property was first sold to the present.
    AB is a common abbreviation for Abstract of Title when used in property listings and real estate classifieds.
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