House closing
Term · Law · MLC-T-LAW-002468
The final stage in a real estate transaction where ownership of a property is transferred from the seller to the buyer. During this process, all necessary legal documents are signed, funds are exchanged, and the deed is recorded. This event typically involves attorneys, real estate agents, and a title company representative.
| Identifier | MLC-T-LAW-002468 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002468",
"term": "House closing",
"field": "Law",
"definition": "The final stage in a real estate transaction where ownership of a property is transferred from the seller to the buyer. During this process, all necessary legal documents are signed, funds are exchanged, and the deed is recorded. This event typically involves attorneys, real estate agents, and a title company representative.",
"url": "https://mlchart.com/terminology/law/house-closing/"
}
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