Escrow & Title
A 'simultaneous closing' in NC occurs when:
ATwo parties close at the same time in different offices
BThe buyer's sale of their existing home and purchase of the new home close on the same day, using proceeds from the sale to fund the purchase✓ Correct
CBoth the buyer and seller sign documents simultaneously
DThe lender and buyer close at the same time
Explanation
A simultaneous (or back-to-back) closing occurs when a buyer is both selling their current home and purchasing a new one on the same day, with the sale proceeds funding the new purchase.
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