Escrow & Title
In North Dakota, the 'closing agent' or 'settlement agent' is typically:
AAlways the buyer's lender
BAn attorney, title company, or escrow company that coordinates the closing✓ Correct
CAlways the listing broker
DThe county recorder
Explanation
In North Dakota, closings are typically handled by attorneys, title companies, or escrow companies. The closing agent coordinates document signing, fund collection and disbursement, and recording of the deed and other documents.
Related North Dakota Escrow & Title Questions
- In North Dakota, a 'release clause' in a blanket mortgage allows a borrower to:
- In North Dakota, a 'deficiency judgment' after foreclosure is the lender's right to:
- At a North Dakota real estate closing, 'prorations' typically involve:
- A North Dakota property owner who fails to pay property taxes for several years may eventually lose their property through:
- A special warranty deed provides that the grantor:
- In North Dakota, 'proration' of property taxes at closing is typically based on:
- In North Dakota, a 'sheriff's deed' is typically issued in connection with:
- A 'satisfaction of mortgage' (mortgage release) in North Dakota should be recorded to:
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