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A title is a legal term used when referring to the ownership records about a piece of real estate. Title insurance provides you with protection from claims of ownership, outstanding debts of previous owners, and other title problems that you didn't know about prior to buying the property.

Title problems can potentially show up months or even years after the original purchase of the property. 

Escrow is the process by which the interests of all parties in a real estate transaction are protected. It ensures all conditions of the sale have been met before property ownership and money change hands. 

Escrow is an independent depository wherein all funds, instructions, and documents for the purchase of your home are held. This includes your down payment, your lender funds, documents for the new loan, hazard and title insurance, inspection reports, and the grant deed from the seller.

A closing is the event wherein the title to a property is transferred from seller to buyer. It is also known as a “settlement” or “escrow.”  

Closing is typically held in an office, such as that of an attorney, title agent, or title insurance company. It involves the completion of all the necessary paperwork to finalize the agreement between buyer and seller.In addition, all financial issues are settled at the closing (closing costs). Once the title is successfully transferred, the necessary documents are prepared, signed, and filled with local authorities.