What is Closing / Close of Escrow?
Closing — called “close of escrow” in California — is the final step where ownership officially transfers from seller to buyer. Documents are signed, the loan funds, money is distributed, and the deed is recorded with the county. Once escrow closes and records, the buyer becomes the legal owner and usually gets the keys.
Example: After all contingencies are removed and the loan funds, escrow records the grant deed; the transaction has “closed” and the buyer receives the keys.