L/O Closing Time

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How does this part work? I understand the rest, but when it's time to exercise the option how does the closing work?
I hope i get the details here.

Comments(1)

  • JaneSherman31st May, 2004

    The buyer would get a loan,. Usually they have cleaned up their credit by then and in most cases there is a credit for their down payment or closing costs. I

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