Contracts
What is a 'simultaneous closing' (back-to-back closing) in Delaware?
AA closing where all parties sign simultaneously in the same room
BA situation where a buyer closes on the purchase of a new property using proceeds from the simultaneous closing of their current property✓ Correct
CA commercial closing where buyer and seller close on multiple properties at the same time
DA closing conducted by two attorneys simultaneously
Explanation
A simultaneous (back-to-back) closing occurs when a buyer closes on the sale of their current home and uses those proceeds to close on the purchase of their new home in the same day or within minutes of each other.
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