Preclosing
Definition of "Preclosing"
Mock closing; all information is available prior to an actual closing in order to insure all documents are properly executed by the appropriate parties. A preclosing is normally used only when it is anticipated that the actual closing could be complicated by many extraneous factors.
Popular Real Estate Terms
Person or entity that has title or a right to something which is typically being held. Examples are real property, corporation, and personal property. Ownership of property may be held by ...
Incontrovertible reality forcing a judge in a trial to find evidence to the contrary unsupportable. ...
Past action of a property owner or tenant. ...
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