“Closing Day” Terminology You Need To Know
Closing day is an exciting time. After all, you’re moving into your new home! However, it can be stressful as well. Thelast thing you need is to be confronted with something you don’t understand. So here is a quick list of common “closing day” terms.
Disbursements. This is the allocation of funds to the appropriate parties, such as the seller. Your lawyer will take care of this for you.
Possession. This is the moment on...