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LSDefine

Simple English definitions for legal terms

house closing

Read a random definition: self-critical-analysis privilege

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.

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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