What is the Close of Escrow?

What does the close of escrow mean?

A term that is mentioned over 35 times in the AAR Purchase Contract is the phrase close of escrow.  Many buyers from the east coast mistakenly believe that when they sign the final documents at the title/escrow company, the transaction has closed. Not so in Arizona.  Continue reading to find out all the activities surrounding the close of escrow.

Continue reading “What is the Close of Escrow?”