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Settlement practices vary from
locality to locality, and even within the same county or city.
Settlements may be conducted by lenders, title insurance companies,
escrow companies, real estate brokers or attorneys 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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