MetaGlossary.com: Closing Day

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Keywords: Conclude, Merely, Reiterates, Abstract, Formalities

Related Terms: Settlement, Seller Financing, Purchase Agreement, Contract For Deed, Closing, Purchaser, Sale, Vendee, Land Contract, Contract Of Sale, Buyer's Agent, Buyer's Broker, Dual Agent, Closing Date, Closing Statement, Completion Date, Exchange Of Contracts, Sales Contract, Settlement Statement, Conditions Of Sale, Conditional Sale, Early Occupancy, Installment Sales Contract, Completion, Closing Agent, Listing Agreement, Owner Financing, Sales Concession, Certificate Of Sale, Equitable Title, Escrow Company, Requisitions On Title, Buyers Agent, Settlement Agent, Conditional Sale Contract, Escrow Instructions, Purchase Contract, Contract Sale Or Deed, Agreement For Sale, Buyer Broker, Buyers Broker, Simultaneous Closing, Close Of Escrow, Escrow Closing, Seller Take-Back, Respa Statement, Possession, Purchase And Sale Agreement, Conditional Sales Contract, Contract To Purchase

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The date on which the title for the property passes from seller to buyer and/or the date on which the borrower signs the mortgage loan agreement.

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Day of settlement, seller signs deed, buyer pays for property

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Day on which seller and buyer meet to conclude formalities of real estate sale.

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The day on which the formalities of a real estate sale are finished. The certificate of title, abstract, and deed are generally prepared for the closing by the title company and this cost is shared by the buyer and the seller. The buyer signs the mortgage, and closing costs are paid. The final closing merely reiterates the original agreement reached in the agreement of sale.

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The day specified in a real estate contract when the sale of a property is finalized by the buyers and sellers signing certain documents to transfer the title of the property and paying closing costs. Also known as the Settlement or Closing.

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The day on which the formalities of a real estate sale are concluded. The certificate of title, abstract and deed are generally prepared for the closing by an attorney and this cost charged to the buyer. The buyer signs the mortgage and closing costs are paid. The final closing merely confirms the original agreement reached in the agreement of sale.

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