It is a common misconception that after your signing you are handed your keys. Although it can happen in some cases, don’t expect to get your keys the same day you sign your closing documents. You will not only need to sign your closing documents but escrow will need to be closed before you get the keys to your new home.
Close of Escrow (‘COE”) happens after the deed is recorded at the county recorder’s office.
Both buyer and seller agree to comply with all terms and conditions, execute and
deliver to escrow company all closing documents, and take all other necessary
actions in sufficient time to allow COE to occur on the COE Date. All parties are funded and the deed is recorded. Only then the property is officially handed over to the buyer(s).
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