Clear to Close definition

Clear to Close means all conditions have been met, the buyer is completely approved and is ready to close on the sale of your home (98% of the time we don’t get the clear to close until the day before the scheduled closing date). Don’t be alarmed or think something is out of sorts if we do not get it until a day or two before closing.
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Clear to Close means that all of the conditions outlined in the Mortgage Commitment
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Clear to Close simply means that you have met all the requirements to close on your mortgage and that your lender has fully inspected and verified your documents. Don’t rush to the closing table just yet! You can expect a buffer of at least 3 days between “Clear to Close” and your closing date.
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Examples of Clear to Close in a sentence

  • The repair escrow must receive approval from Ameritrust Mortgage Corporation in writing prior to issuing a Clear to Close.


More Definitions of Clear to Close

Clear to Close. Statement. With respect to Wet-Ink Mortgage Loans, Buyer has received a Closing Protection Letter. With respect to Jumbo Mortgage Loans, Buyer has received an appraisal and a “clear to close” statement from the Takeout Investor, in each case, in form and substance acceptable to Buyer in its sole discretion.
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Related to Clear to Close

  • Sellers has the meaning set forth in the preamble.

  • Seller’s Solicitors means ▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP of ▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇;

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, ▇▇▇▇ Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.