What is "title closing" in real estate transactions?

"Title closing" refers to the final step in transferring property ownership, which involves several important actions to ensure that the transaction is completed legally and satisfactorily for all parties involved. During this process, the buyer and seller meet, and all necessary documents are signed. This typically includes the deed, which formally transfers ownership from the seller to the buyer, and the closing statement, which details all financial aspects of the transaction.

Additionally, the buyer usually secures financing at this stage, and any liens or encumbrances against the property are addressed to clear the way for a smooth transfer. The completion of title closing ensures that the buyer receives a clear title to the property, free from any claims, thus solidifying their ownership rights.

While the other choices pertain to relevant aspects of a real estate transaction, they do not represent the finality and legal completion that "title closing" signifies in the ownership transfer process.