Closing Title

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.

(Revised by Ann De Vries)

What is Closing Title?

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