Title specifically refers to the examination of property title to find defects before issuing an insurance policy. The exact division of labor may vary slightly depending on the state you complete a transaction, but here is a quick breakdown of each. While a title agent in one state may perform the duties of what would be considered the function of an escrow officer in another state, each of these terms conveys specific functions of these professionals. Title, closing, and escrow are often used as interchangeable terms, but there are important distinctions between them.
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