All documents are signed. Money is collected and disbursed in escrow. Title is formally transferred and documents are recorded at the County Clerk. 14 - The first title insurance policy is issued. Recorded deed returned to Buyer and recorded mortgage returned to Bank Attorney by County Clerk.
Closing is a major process in a real estate transaction.
It can be complex and sometimes difficult, but the process is designed to protect both buyers and sellers and produce the results both are looking for.