The Real Estate Encyclopedia
What is a dry-close?
Category - Home Buying Questions - Moving for the Buyer FAQ's
A dry close is when all the paperwork has been completed at closing but no money exchanges hands and the deed isn't transferred. When a dry close occurs it's assumed that funds will eventually be available after certain conditions have been met in the near future, usually within a few days.


References


External Links
www.affordablelistings.com
 
 
Category(s)
Home Buying Questions - Moving for the Buyer FAQ's
Home Selling Questions - Moving for the Seller FAQ's
Home Selling Questions - Selling Legal & Closing FAQ's
Home Buying Questions - Buying Legal & Closing FAQ's
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