TITLE AND ESCROW INFO
Title and Escrow Information for the savvy South Jersey Real Estate Shopper
A title is a legal right to ownership of a property, it is conceptual.
A deed is the physical, written document declaring who is the legal owner of the property
The deed records the property's title and the transfer of that title between two parties.
How do a title and deed differ?
Let's look at the difference between a title and deed for real estate and why they are both important
Escrow, How It Works
1. Agreement
You and the seller agree on the terms of the sale.
2. Escrow Account
The money goes into a special escrow account.
3. Delivery
The money you put in the account is dispersed to the other parties.
4. Protection
If agreed upon rules aren't met, the money is not dispersed.
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