Clear to Close definition

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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Clear to Close means that all of the conditions outlined in the Mortgage Commitmentand any new conditions have been met.
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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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Examples of Clear to Close in a sentence

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

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

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

  • 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.

  • Clear To Close Once all conditions have been signed off on a Clear to Close will be issued.

  • After your Clear to Close is issued, your lender will begin to draft Closing Disclosures and Loan Documents.

  • Conditions generated at the time of Conditional Approval are designated as “Prior to Doc” and must be cleared in order for a Clear to Close to be generated.

  • Once the Underwriter has cleared all conditions, Sellers will receive a loan approval status of Approved – Clear to Close.

  • Clear to Close – When your loan has been fully approved by the lender’s underwriting department, it is considered “clear to close”.

  • Clear to Close means the Underwriter has signed-off on all documents and issued a final approval The mortgage team schedules your closing and reviews the Closing Disclosure CD The CD is the standardized document that details the finalized terms for the loan including a breakdown of all costs and fees.


More Definitions of Clear to Close

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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Related to Clear to Close

  • Sellers has the meaning set forth in the preamble.

  • Seller’s Solicitors means Xxxxxxxxx and May of Xxx Xxxxxxx Xxx, 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 Placement Agent, the Company and the Escrow Agent pursuant to which the Investors shall deposit their Investment Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder, 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.

  • Required Buyers means Buyers having Purchase Prices in the aggregate that are at least equal to a majority of the aggregate Purchase Price for all Buyers.

  • 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 & XxXxxxxx of 000 Xxx Xxxxxx Xxxxxx, Xxxxxx XX0X 0XX;