Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

house closing

Read a random definition: knight's fee

A quick definition of house closing:

House Closing: The last step in buying or selling a house. It's when the ownership of the house is officially transferred from the seller to the buyer. This happens after both parties have followed all the rules in their agreement and the deed has been recorded.

A more thorough explanation:

A house closing is the last step in buying or selling a house. It's when the ownership of the house is officially transferred from the seller to the buyer. This happens after both parties have met all the terms of their agreement and the deed has been recorded.

After months of searching, John found his dream home. He made an offer, and the seller accepted it. They both signed a contract that outlined the terms of the sale. John had to get a mortgage, and the seller had to make some repairs. Once everything was done, they scheduled a house closing. At the closing, John paid the seller, and the seller gave John the keys to the house. The ownership of the house was officially transferred to John.

Another example could be:

Mary decided to sell her house. She found a buyer who made an offer, and she accepted it. They signed a contract that outlined the terms of the sale. The buyer had to get a mortgage, and Mary had to move out. Once everything was done, they scheduled a house closing. At the closing, the buyer paid Mary, and Mary gave the buyer the keys to the house. The ownership of the house was officially transferred to the buyer.

These examples illustrate the definition of house closing because they show the final step in a real estate transaction. The ownership of the house is officially transferred from the seller to the buyer, and both parties have met all the terms of their agreement. The deed is recorded, and the transaction is complete.

house arrest | house counsel

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
15:38
Isn’t uchicago like Top 4 tho
choosingpeace
15:38
@cumsock: they said there's like nothing to do there lol
choosingpeace
15:38
ive never been so i was just like ohhh
texaslawhopefully
15:38
UChicago is number one
^ period
u know it was a double thing. I missed II and my gf didn't want to live in the midwest anymore
15:39
But it’s fucking uchicago thooo LOL
15:39
I
15:40
Makes sense tho
cumsock
15:40
@choosingpeace: there’s plenty to do in Philly 😂 it’s a giant city
So after missing the II, I was like whatever. Maybe it's a sign to withdraw
nah making decisions off the gf is out of pocket
nahhhhh we been together since 10th grade
texaslawhopefully
15:40
I guess it depends what your goals are. If it's generic biglaw, CLS will get you the same outcome
6 yrs on January 30th
lilypadfrog
15:40
awwww <3 i love love
I also like CLS for liberal clerking. approx 41 FCOA clerks per yr
It's there if I excel. if not then I'm chill with sticking to BL
texaslawhopefully
15:41
CLS is not even close to Chicago for clerking lmao
choosingpeace
15:41
wait would yall pick CLS or penn?
I didn't apply to either but I would pick penn
15:42
penn bc im in state
no no it's not. But I wouldn't clerk conservative, so idk about Chi #s for myself
cumsock
15:42
Penn
texaslawhopefully
15:42
I guess that's fair. From what I've heard UChicago for conservatives is on par w/ HYS for clerkships
texaslawhopefully
15:42
not sure about for liberals
cumsock
15:43
They’re very similar tho
cumsock
15:43
Both t6 ivies
Is that NYU disrespect???? NYU out the t-6?
15:44
Penn because my college friends who mentored me go there
LSD+ is ad-free, with DMs, discounts, case briefs & more.