The Players

A number of different parties are involved in the process of refinancing or transferring ownership of real estate. You can expect to see any or all of them at the closing itself.

Your Real Estate Agent — Acts as an intermediary between you and the seller. Generally assists in helping you purchase property for the lowest possible price and best terms.

Seller — Signs the deed over to the buyer and presents the keys to the home.

Seller’s Real Estate Agent — This real estate agent represents the seller (who may not be present at the closing itself). Generally assists in helping the seller get the highest possible price and best terms for the property.

Escrow Officer — An objective third party who processes and disburses funds in accordance to the instructions provided by the seller and buyer. The escrow officer is often a representative from Alamo Title.

Settlement Agent — A representative from Alamo Title, this person is responsible for facilitating the closing by preparing and recording documents. 

Lender/Bank — The institution (usually a bank or mortgage company) that lends the money to the buyer. The lender is often called the “mortgagee", while the borrower is referred to as the “mortgagor".