Wednesday, June 15, 2016 - Article by: Prospect Financial Group - Prospect Financial Group, Inc. -
A real estate closing is the legal process by which ownership of a home changes hand from the seller to the buyer of a property. This process will be officiated either by a representative from a title company or an attorney. A borrower will be required to sign their name an average of 150 times during a mortgage closing. Once the funds are transferred from the lender and the borrower, the deed of ownership of a property is transferred and recorded by the officiant.
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