757-962-9844
757-962-9844

What is Settlement?

Father and teenager signing loan contract

Settlement, sometimes referred to as a closing or escrow, is an arrangement in which an impartial third party (an escrow agent) holds legal documents and funds on behalf of a buyer and seller and/or lender. Once documents are recorded following state statutes, the funds are disbursed in accordance with the written instructions received from the parties.

People buying and selling real estate utilize settlement services for their protection and convenience.  All parties rely on the settlement agent to faithfully carry out their mutually agreed upon instructions relating to the transaction, or to advise them if any of the instructions are contradictory or cannot be completed.

Once all terms and conditions of the written instructions have been fulfilled, and all closing conditions are satisfied, the settlement is closed and the transfer of property and money is accomplished.

Our Settlement Services include:

Immediate order confirmation

Rigorous quality control measures to ensure accuracy and security compliance

Coordinated closings

Verified disbursement of proceeds