What is the term for the process of settlement in which the buyer and seller never meet and the paperwork is handled by an escrow agent?

The term for the process of settlement in which the buyer and seller never meet and the paperwork is handled by an escrow agent is known as "closing escrow." This term specifically refers to the method where an impartial third party, the escrow agent, manages the documents and funds involved in the transaction until all conditions of the sale have been met. The key aspect of this process is that it allows for a secure and neutral arrangement wherein both parties can fulfill their obligations without needing to be present at the same time or place. This not only helps in facilitating a smooth transfer of ownership but also adds a layer of security and trust to the real estate transaction.

The other terms do not accurately describe this specific process. "Title deed transfer" refers to the actual transfer of property ownership documents but does not encompass the complete escrow process. "Settlement arrangement" is a more generic term that does not specifically indicate the involvement of an escrow agent or the fact that the parties do not meet. Lastly, "transaction facilitation" is also a broad term that may imply various forms of assistance in completing a transaction, but it lacks the specificity related to the escrow process where an escrow agent is responsible for handling and managing all necessary documentation and funds.