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Real Estate
Reply to "A question for agents and others re the legal position as it pertains to the closing date"
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[quote=Anonymous][quote=Anonymous]Possession passes to the new owners at closing or when the buyer’s mortgage lender disburses the funds, which usually happen at the same time. Lots of people negotiate a move out date, such as a week after closing.[/quote] The Buyers will not agree to any sort of rent-back for any period however short. They insist on taking possession the day the transaction closes and want a vacant house.[/quote]
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