Escrow & Title
What is a 'dry closing' in Nevada real estate?
AA closing in the desert without refreshments
BA closing where all documents are signed but funding has not yet occurred — the transaction is not complete until funds are received and the deed can be recorded✓ Correct
CA closing with no escrow company involvement
DA closing occurring without the buyer's physical presence
Explanation
A dry closing (or dry settlement) occurs when all documents are executed but loan funds have not yet been disbursed. The transaction remains open until funding occurs and the deed can be recorded. In Nevada, 'wet closings' (where funding and recording occur simultaneously) are more common.
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