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
Measure of land representing one square mile. A section equals 640 acres. ...
Is a wholly owned government corporation administered by the Department of Housing and Urban Development. It does not by mortgages; it issues pass-through securities in which interest and ...
Timber wood situated on the exteriors of a loading deck to safeguard it from damage resulting when trucks unload and load. ...
Limited partnership in which limited partners rely on the general partner to choose specific properties after the funds are available. ...
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List of business property. ...
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