A title to property that does not have liens, defects, or other legal encumbrances. …
Clevis
Part of the assembly needed to raise and lower a sink or tub pop-up. The clevis is a pin that connects to a pivot rod. …
Closed Mortgage
The restriction or denial of repayment rights until the end of the mortgage term. …
Closing
The final procedure in which documents are signed and recorded and the property is transferred. The meeting (usually in a lawyer's office) at which the transfer of title of property passes from the …
Closing Costs
Closing Costs are the expenses associated with finalizing a real estate transaction. These costs can include fees for services such as title searches, appraisals, and inspections, as well as taxes, …
Closing Statement
A document which details the final financial settlement between a buyer and seller and the costs paid by each party. …