Residential Property: ‘Clear to Close’ for Texas Sellers
You are buying Texas land from out of state, and the email finally arrives: you are “clear to close.” It sounds like the all-clear, as if every single box has been checked for you. From a distance, it feels safe to relax. So buyers often stop asking questions at the very moment they should ask more. Here is the part that catches buyers off guard. “Clear to close” tells you the lender will fund and the title company will insure. It does not tell you the land is a good thing for you to own. This guide is for the out-of-state buyer, not the seller or the lender. Let us look at what that phrase really covers, and what it quietly leaves out, in plain terms. In This Article: What “Clear to Close” Actually Means Who Each Party at the Table Protects What It Does Not Mean for You The
