The closing date is when the sale of a property becomes final, and the new owner takes possession. This date marks the official transfer of ownership from the seller to the buyer, completing the transaction. All necessary documents are signed, and any remaining funds are paid, ensuring the new owner can move into their new home.
*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*