Closing

Closing is the final step of a real estate transaction, where ownership transfers and the loan funds.

What Closing means

The buyer signs loan documents, pays closing costs, and receives the keys. In Florida, a title company or real estate attorney typically conducts the closing.

Florida example

At a Florida closing, the buyer signs the note and mortgage, the title company disburses funds, the deed is recorded, and the new owner walks out with keys, usually all in under an hour.

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