Explore what a dry closing entails, how it differs from a wet closing, and the reasons it occurs in real estate transactions.

Let’s admit it. The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good ...

Rocket Close and Rocket Pro have taken a major step forward by integrating the two platforms into a single, more efficient platform, designed to simplify the closing process and enhance the broker ...

Financial records don’t just “end” when the fiscal year does. Companies often have a variety of accounts still open and active. To “close the books” on the period and establish the baseline for the ...

Between applying for a mortgage and closing on your house, aim to keep your personal finances and employment status as steady as possible, and avoid making any major purchases. Expect your lender to ...

Closing on a house is a complex process that takes several weeks and involves many steps for you and your lender. On closing ...

As in other deals and business transactions, in real estate, the closing process is when a sale becomes final and legally binding, and a property transfers from the previous owner to the new one.

So, you’ve completed the letter of intent (LOI) stage of trying to sell your business. You and the buyer have reached an agreement on the primary terms of the transaction, signed a non-binding ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...

The time between when you go into contract on a house and move in is busy. An essential element of the contract not falling through is an on-time closing. Understanding the homebuying process and what ...