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  2. Closing (real estate) - Wikipedia

    en.wikipedia.org/wiki/Closing_(real_estate)

    The closing (also called the completion or settlement) is the final step in executing a real estate transaction. It is the last step in purchasing and financing a property. [ 1 ] On the closing day, ownership of the property is transferred from the seller to the buyer.

  3. Closing on a house: What to expect - AOL

    www.aol.com/finance/guide-closing-house-expect...

    Closing day is the final step in what is often a lengthy process – also called “closing” – associated with a real estate sale. It can take a couple of months between signing a purchase ...

  4. Real Estate Terms and What They Mean - AOL

    www.aol.com/news/2010-09-08-real-estate-terms...

    Jaime Uziel knows that as a real estate attorney his clients depend on him to interpret the legalese that's part of any real estate transaction. He's happy to do that, he says, but he also tries ...

  5. HUD-1 Settlement Statement - Wikipedia

    en.wikipedia.org/wiki/HUD-1_Settlement_Statement

    The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and ...

  6. ‘Cash to close’: What it means and how it works - AOL

    www.aol.com/finance/cash-close-means-works...

    Buyers should carefully review their closing disclosure and consult with their real estate attorney or settlement agent to confirm the total amount needed. When you buy a home , the closing is the ...

  7. Conditional sale - Wikipedia

    en.wikipedia.org/wiki/Conditional_sale

    A conditional sale is a real estate transaction where the parties have set conditions. [1] [2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase price, the date of ...

  8. Closing documents: A guide for homebuyers - AOL

    www.aol.com/finance/closing-documents-guide...

    You should receive a packet containing copies of all your home-closing documents at the closing itself. If you don’t, or if you simply want extra copies, just ask your real estate agent.

  9. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    A typical real estate contract specifies a date by which the closing must occur. The closing is the event in which the money (or other consideration) for the real estate is paid for and title (ownership) of the real estate is conveyed from the seller(s) to the buyer(s). The conveyance is done by the seller(s) signing a deed for buyer(s) or ...