Plain-language articles about escrow and title: what happens between the signed contract and the recorded deed, and who does what along the way.
Escrow is the legal procedure used to transfer the title to real property. This term is often times unfamiliar to homebuyers. Escrow is used to reduce the risk of fraud by acting as a Third party that collects, holds, and distributes funds according to the instructions of the buyers and the sellers. [...]
An escrow officer, also known as the loan officer, is a neutral third party. He is generally appointed by the title company that you and your seller are working with in Maryland. Their main duty is to look over the escrow process that goes with the closing of a deal. They take care of the paperwork, check that the documents are duly signed and the transactions duly executed. They witness the closing of a deal and see that everything is carried out as per the requirements of the laws in Maryland. [...]