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Closing

Closing

 Process by which all the parties to a real estate transaction conclude the details of a sale or mortgage. The process includes the signing and transfer of documents and distribution of funds


In obtaining financing for the purchase of a home, is the final step in the processing of a mortgage loan. This is when ownership of the property officially transfers from the seller to the buyer. During this process, documents such as the mortgage note and the deed will be signed, and funds for the purchase will be transferred. It's important for all parties involved in the transaction to be present and attentive during the closing to ensure everything is completed correctly and any last-minute issues are addressed. Once the closing is complete, the buyer will receive the keys to their new home, and the seller will have successfully sold their property. Overall, the closing process is crucial in ensuring a smooth and successful real estate transaction.

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