Closing Agent definition

Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.

Closing Agent means a closing agent subject to the licensing requirements of chapter 535B.

Closing Agent means, with respect to any Wet-Ink Transaction, an entity reasonably satisfactory to the Buyer and the Agent (which may be a title company, escrow company or attorney in accordance with local law and practice in the jurisdiction where the related Wet-Ink Mortgage Loan is being originated) to which the proceeds of such Wet-Ink Transaction are to be wired pursuant to the instructions of the Seller. Unless the Agent notifies the Seller (electronically or in writing) that a Closing Agent is unsatisfactory, each Closing Agent utilized by the Seller shall be deemed satisfactory; provided, that the Agent shall instruct the Custodian that no funds shall be transferred to the account of any Closing Agent after the date that is five (5) Business Days following the date that notice is delivered to the Seller that such Closing Agent is unsatisfactory, and provided, further, that the Recognized Value shall be deemed to be zero with respect to each Mortgage Loan, for so long as such Mortgage Loan is a Wet-Ink Mortgage Loan, as to which the proceeds of such Mortgage Loan were wired to a Closing Agent with respect to which the Agent has notified the Seller at any time (both before and after the related Purchase Date without regard to the five (5) Business Day period referenced above) that such Closing Agent is not satisfactory.

Examples of Closing Agent in a sentence

• The parties hereby appoint Wxxxxxx Xxxxxx, attorney for the Buyer, as Closing Agent to receive, deposit and distribute funds for the parties and acknowledge that Closing Agent shall prepare and obtain execution of all closing documents and instruments evidencing the terms and conditions of this transaction, as are required for the closing, conduct the closing, and provide for recording of the documents.

• Unless modified by other provisions of this Contract, the closing of this transaction shall occur and 51 the closing documents required to be furnished by each party pursuant to this Contract shall be delivered (“Closing”) on 52 (“Closing Date”), at the time established by the Closing Agent.

• If the Title Commitment 503 provides insurance against adverse matters pursuant to Section 627.7841, F.S., as amended, the escrow closing 504 procedure required by STANDARD J shall be waived, and Closing Agent shall, subject to COLLECTION of all closing 505 funds, disburse at Closing the brokerage fees to Broker and the net sale proceeds to Seller.

• ESCROW AGENT: Any Closing Agent or Escrow Agent (collectively “Agent”) receiving the Deposit, other funds and 340 other items is authorized, and agrees by acceptance of them, to deposit them promptly, hold same in escrow within the 341 State of Florida and, subject to COLLECTION, disburse them in accordance with terms and conditions of this Contract.

• The undersigned hereby attest and affirm to Closing Agent that the Settlement Statement executed in connection with the referenced transaction accurately represents the complete terms of the sales contract, including all addenda.

More Definitions of Closing Agent

Closing Agent means an individual assigned by a title

Closing Agent shall have the meaning as set forth in Section 2.14.

Closing Agent means a person who is not a party to the real estate transaction, who provides real estate closing services.

Closing Agent means a title company, closing attorney or other entity which will disburse funds at settlement and insure the lien of the Mortgage in respect of any Mortgage Loan.

Closing Agent means a person that facilitates a closing

Closing Agent means an individual assigned by a title insurance company or a broker or originator to ensure that the execution of documents related to the closing of a real estate sale or the refinancing of a real estate loan and the disbursement of closing funds are in conformity with the instructions of the entity financing the transaction.

Closing Agent. The Person designated in accordance with Section 3.6, to receive Purchase Prices from Disbursement Agent, for the account of Seller, for the purpose of (i) funding a Related Mortgage Loan or (ii) in the case of a new origination Wet Mortgage Loan or Dry Mortgage Loan as to which the origination funds are being remitted to the closing table, originating such Mortgage Loan in accordance with local law and practice in the jurisdiction where such Mortgage Loan is being originated.