Real Estate Law
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Hi there. If there is no title policy being purchased, there is no legal requirement that a title company be used. Many times attorneys and or banks act as escrow agents to facilitate a closing. But, any person or entity trusted by both parties can act as an escrow agent in such a transaction.
There is not.
Most people won't agree to do so because they are simply not set up to do so. Typically, if title companies are not used, it comes down to an attorney, CPA, or bank.
Yes, that will suffice. :)