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Settlement Agent

E. Selecting a Settlement Agent

• Settlement practices vary from locality to locality, even within the same county or city.  Lenders, title insurance companies, escrow companies, real estate brokers or attorneys may conduct settlements for the buyer or seller.  You may save money by shopping for the settlement agent.

• In some parts of the country (particularly western states), settlement may be conducted by an escrow agent.  The parties sign an escrow agreement, which requires them to provide certain documents and funds to the agent.  Unlike other types of settlement, the parties do not meet around a table to sign documents.  Ask how your settlement will be handled

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Last modified: November 17, 2005