Real estate settlement companies work with the lenders and
real estate agents of both the buyer and seller in order to facilitate the terms of a
real estate contract.
There can be confusion between real estate settlement companies and
mortgage
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any p ...
originators. A customer would contact a bank (lender) for a mortgage, and would contact a real estate settlement company to handle the closing of the mortgage.
Real estate in the United States
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