Seems to be some confusion as to what a "closing agent" is- its a fancy name for the escrow company, title company or attorney who does the papers, escrows the money from the lender, arranges for title insurance, gets everybody together to sign, records the papers, and disburses the money. True, there's no legal prohibition from doing it yourself, but it requires a lot of trust (who's going to hold the money? Can you trust him to record the documents properly and not skip town?). More trust, by the way, than any lender will ever have. If theres a lender involved, there will be a closing agent- even if its the bank. I was surprised that a couple of you said the closing took place in the bank- around here, banks won't touch a real estate closing with a 10 foot pole. They don't want the potential liability.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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