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• when selling a house, the process of transferring ownership from the seller to the buyer, the disbursement of funds from the buyer and the lender to the seller, and the signing of all the documents associated with the sale and the loan. On a refinance, there is no transfer of ownership, but the closing includes repayment of the old lender.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for Closing

  American Psychological Association (APA)

  Closing. (n.d.). Making Home Affordable Glossary. Retrieved March 28, 2023, from website: http://www.expertglossary.com/definition/closing.

  Chicago Manual of Style (CMS)

  Closing. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/closing (accessed: March 28, 2023).

  Modern Language Association (MLA)

  "Closing." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 28 March. 2023 http://www.expertglossary.com/definition/closing.

• Browse Related Terms: Closing, Deed-in-Lieu of Foreclosure, fee, Foreclosure Prevention, HAFA Short Sale, Pre-foreclosure, Servicing transfer, Short Sale

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