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 Commitmentand any new conditions have been met.
Sample 1
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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Examples of Clear to Close in a sentence

  • Note: SSR’s/UCDPs and EAD’s are required to be uploaded prior to Stockton Mortgage Funding issuing a Clear to Close on conventional and FHA loans.

  • From a Buyer’s perspective, this deadline should be no earlier than the expected receipt of the Clear to Close.

  • To prepare a Clear to Close, all Prior-To-Doc (PTD) conditions (or clear to close for wet states) must be satisfied.

  • JMAC must verify the validity of the case number, by completing Case Queries in FHAC at the time of Clear to Close (CTC).

  • For the IRLs for St. Lucia, St. Kitts and Nevis and The Bahamas, there were delays due to non-compliance with conditions precedent, including appointment of PCs. As the capacity of countries dealing with the immediate aftermath of a disaster is limited, the condition for the appointment of a PC should be modified to take into account post-disaster capacity.

  • When DPD financing is involved or the unit is being sold through the CCLT, the seller is responsible for sending a final request to close to DPD; DPD will issue a Clear to Close when the title commitment; final lender commitment letter; all required certifications; and a final appraisal are received by DPD.

  • When loan is Clear to Close, closing and/or funding may be scheduled.Important Note: It is the Underwriter’s responsibility to monitor the loan on the Ditech website to ensure the investor posts the loan as “Cleared for Underwriting.” The Underwriter must check back to the website every 24 hours until it is “Cleared for Underwriting.” The website should indicate why the loan has not yet been cleared, and if it is an issue that needs to be handled, it must be addressed by the Underwriter.

  • Closing Disclosure can be issued prior to Clear to Close on a case by case basis.

  • That was just 8 business days from application to Clear to Close! We made it happen when two other lenders could not.

  • Additionally, failure to submit items on the conditional approval, particularly the Certified Participating Lender’s Clear to Close will cause significant delays and add to the 21-business day timeline.

Related to Clear to Close

  • Sellers has the meaning set forth in the preamble.

  • Seller’s Solicitors means Xxxxxxx Xxxxx Freehills LLP, Xxxxxxxx Xxxxx, Xxxxxxxx Xxxxxx, Xxxxxx XX0X 0XX;

  • 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, Xxxx 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.

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.

  • Post-Closing Agreement shall have the meaning set forth in Section 8.9.

  • Seller Closing Certificate has the meaning set forth in Section 7.02(d).

  • Time of Closing means 10:00 a.m. (Vancouver time) on the Closing Date, or such other time as the parties may mutually determine;

  • Seller has the meaning set forth in the Preamble.

  • Procuring Entity/Purchaser means a Entity having administrative and financial powers to undertake Procurement of Goods, Works or Services using public funds, as specified in the PCC;

  • Sellers’ Representative has the meaning set forth in the Preamble.

  • CCR means the California Code of Regulations.

  • Buyer has the meaning set forth in the preamble.

  • The Owner/Company/BPCL means the Bharat Petroleum Corporation Limited, incorporated in India having its registered office at 4 & 6, Currimbhoy Road, Ballard Estate, Mumbai - 400 038 or their successors or assigns

  • Buyer Closing Certificate has the meaning set forth in Section 7.03(d).

  • Buyer’s Solicitors means Xxxxxx Xxxxxxx LLP of 0 Xxx Xxxxxx Xxxxxx, Xxxxxx XX0X 0XX;

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • BIDDER/Seller which expression shall mean and include, unless the context otherwise requires, his successors and permitted assigns) of the second part.

  • Buyers has the meaning set forth in the preamble.

  • Seller’s Representatives means Seller’s accountants, employees, counsel, environmental consultants, financial advisors, and other representatives.

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • Class Member Address Search means the Administrator’s investigation and search for current Class Member mailing addresses using all reasonably available sources, methods and means including, but not limited to, the National Change of Address database, skip traces, and direct contact by the Administrator with Class Members.

  • Purchaser’s Solicitors means Xxxxx & Xxxxx of Xxx Xxx Xxxxxx, Xxxxxx XX0X 0XX;