Learn how a typical closing is conducted, including the parties and documents involved, who may sign documents, and the role of title companies.
In this lesson, we’ll learn about the closing, which marks the end of most transactions and the end of our course.
The closing is simply a meeting at which the parties complete the sale. In a nutshell, the seller delivers the deed, and the buyer pays the purchase money. This might sound like a simple process, but in reality, it can involve a lot of preparation, numerous details, and a pile of associated paperwork. [Ferguson v. Cooper, 359 A.2d 17 (D.C. 1976).]
The logistics of a closing can...