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Updated over 10 years ago on . Most recent reply

User Stats

21
Posts
1
Votes
Scott Campbell
  • Boston, MA
1
Votes |
21
Posts

Closing process

Scott Campbell
  • Boston, MA
Posted

I was wondering if someone could go through and explain the entire closing process when buying a house. For instance, who is involved? What role does a title company play? What exactly is escrow, and earnest money? From what I understand, there is a point where the earnest money is non refundable if the buyer backs out of a purchase (not sure though). At what point does the home inspection take place? Sorry for the beginner question if this has been covered before... Thanks!

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