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The Closing/Settlement

The closing in most cases is the day you will sign all of the necessary documents. If you are getting a loan this is the day that the mortgage company will fund the money that you are borrowing. In most cases all documents will be signed at an escrow office. This escrow office, in most cases a title company, will act as a neutral third party that holds and transfers all funds as written in the contract. After all conditions are met and funds have been dispersed your new home will be recorded in your name as the owner.