WHAT IS A CLOSING?

Key Takeaways
Closing is the final phase of a transaction, typically for mortgage loan processing.
In closing a mortgage, the property title passes from the seller to the buyer.
During the closing process is also called settlement or account settlement.
At closing, you review, authorize, and date numerous legal documents to complete the property purchase.
Required closing documents include the closing disclosure, promissory note, and deed of trust. A foreclosure can occur after a loan is closed and a property "cannot be sold again" if the borrower falls significantly behind on their mortgage payments, causing them to default on the loan, even if the property has been previously sold; the lender can then initiate foreclosure proceedings to reclaim the property and sell it to recoup their losses, regardless of any prior sales that may have happened on the property. So if a property was sold to another buyer while the home owner is paying and have not been notified the property cannot be sold again and again nor can a new chain of title be filed until the title is clear when there are liens on the property it remains until removed by court order notification and process service or a court hearing, as such when a property has been sold multiple times without the buyers knowing its Deed Fraud as well calling the home owner after a closing took place and the abode now placed in a trust there are more steps to get a foreclosure done, illegal search and seizures happen all the time to home owners whom do not know that their home was sold multiple times. Then a court order is fraudulently created so that there are more crimes committed like money laundering and wire fraud. Most cases like this one, the property must be sold quickly without a meeting of minds and never in person and wire payments made but in the same manner as ive experienced its the same company selling to inside parent or lessor companies under the same umbrella.