Escrow & Title
When a buyer and seller sign closing documents, the escrow officer disburses funds and records the deed. This point is called:
ARatification
BClosing (settlement)✓ Correct
CTitle conveyance
DEscrow funding
Explanation
Closing (also called settlement or consummation) is the final step of a real estate transaction when all documents are signed, funds are disbursed, and the deed is recorded. It transfers ownership from seller to buyer and satisfies all parties' obligations under the purchase contract.
Related Oregon Escrow & Title Questions
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