Escrow & Title
A Massachusetts real estate closing is delayed because the buyer's lender has not delivered the mortgage funds. This is called:
AA dry closing✓ Correct
BA wet closing
CA table closing
DA concurrent closing
Explanation
A 'dry closing' occurs when documents are signed but funds are not disbursed at the closing table (typically because the lender funds after closing). A 'wet closing' occurs when documents are signed and funds are disbursed simultaneously.
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