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
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Individual engaged in selling a product or service. The product may be an investment in real estate. In some instances, state law may require licensing to safeguard the public by requiring ...
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