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The 9 Essential Steps of a Real Estate Closing Process

Movoto

A real estate closing is the final stretch of a real estate transaction, during which several tasks prepare the property for transfer. Throughout this time, several inspections are performed to check everything from the physical condition of the home to the underlying financial and legal health of the property.

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Say What? Home-Buying Lingo You Should Know

Zillow

Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc. FHA 203(k) : A rehabilitation loan backed by the federal government that permits home buyers to finance money into a mortgage to repair, improve or upgrade a home.