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LSDefine

Simple English definitions for legal terms

house closing

Read a random definition: impignorata

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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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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