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Chapter 28 - Closings

Across
The purpose of __ is to clarify settlement costs and to eliminate kickbacks and fees that increase settlement costs.
The Closing __ summarizes the financial settlement of a transaction.
A lender subject to RESPA must give loan applicants the CFPB booklet, "Your Home Loan Toolkit," within __ days of receiving a loan application.
During the __ the buyer pays the purchase price and receives title to the purchased real estate.
The seller must produce evidence of __ title, such as a commitment for title insurance by a title insurer.
Paid in __, as opposed to in advance, means paying for a good or service after the date it is provided.
The primary parties at the closing are normally buyer, seller, and a closing agent or __ officer.
The __ contract sets the date of the closing, usually within sixty days of signing.
It is customary in most states that the __ owns the property up to and including the day of closing unless stated otherwise in the contract.
Down
A/An __ is an amount that one party must pay at closing or has already paid prior to closing.
The sales contract is the document that sets forth the agreement between the buyers and sellers and indicates, among other information the __ price.
The Tax Reform Act of 1986 requires that persons designated by the act as "real estate brokers" must report a closed real estate transaction to the __.
If there are any encumbrances or __ that damage the title, the seller is expected to remove these prior to the date specified in the contract.
__ is something pledged as security for repayment of a loan.
The full __ description of the property to be transferred must be included on the deed of transfer.
If the contract includes a statement that "time is of the __," all parties agree to meet the time limitations exactly as stated.