unit 14 Flashcards
1
Q
What is Face to face closign
A
held in an office
2
Q
what is escrow closing?
A
held by an escrow agent which is a disinterested third party authorized to coordinate closing activites
3
Q
what is a closing statement?
A
a detailed accounting of each partys side of the transaction
4
Q
Calculating prorations
A
certain costs are prorated divided between the buyer and the seller
