WHAT IS A CLOSING?

The title company coordinates and/or handles the closing.  This is the signing of documents and receipt of all funds required to complete the closing transaction.  The title company will have the title records updated prior to the recordings of the documents and will then record the documents in the county records for transfer of the ownership of the property into the new buyer(s) names. After recording the title company makes arrangements for proper payment and distribution of funds according to the final HUD-1 Settlement Statement agreed to in the closing transaction.