Closing Title in United States
Practical Information
Note: Some of this information was last updated in 1982
A transaction in which the formalities of a sale of real property (in U.S. law) are executed. When the purchaser agrees to buy, he or she generally pays a deposit and enters into a contract with the seller. The contract designates a certain day, and sometimes hour, when the deed and mortgages, if any, shall be delivered and the balance of the purchase price paid.
What is Closing Title?
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