Escrow & Title
In a normal Illinois residential closing, the buyer takes title to the property when:
AThe purchase contract is signed
BThe earnest money is deposited
CThe deed is delivered, accepted, and (constructively) the keys are exchanged at closing✓ Correct
DThe mortgage is approved
Explanation
Title passes to the buyer when the deed is executed, delivered by the seller, and accepted by the buyer. In a typical Illinois residential closing, this occurs at the closing table when the deed is signed and delivered. Recording (which provides constructive notice) typically follows shortly after.
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