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  Closing Definition
Closing When you purchase or sell a home, you will need to attend a closing, also known as a settlement. The closing is the point at which the buyer, seller, lender and real estate agents meet and where the title to the property and the funds involved are legally exchanged. If you are purchasing a home and didnít have possession of the property prior to closing, this is also the point in time where youíll be given any keys and will gain possession of the property.
   
   
   


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