|Residential closings: An overview|
The residential closing process is perhaps one of the most confusing parts of the entire home purchasing process. This is a process that you may want to consider having an attorney present to represent your interests.
Depending on the state you live in, a residential loan closing may take place at an escrow agent's office or the office of an attorney. It is critical that you understand that the escrow agent or the attorney is there representing the interests of a lender and not your interests. You are strongly urged to hire an attorney to ensure that you are protected during the residential closing process and that the documents are properly prepared and clearly explain the terms of your residential loan.