Escrow & Title
When a Texas property transaction is 'funded' at closing, it means:
AThe parties have signed all documents
BThe lender has transmitted the loan proceeds to the title company, who disburses them per the closing settlement statement✓ Correct
CThe earnest money has been received
DTREC has approved the transaction
Explanation
In Texas, 'funding' occurs when the lender transmits loan proceeds to the escrow/title company. In a Texas 'dry closing' (which is rare), parties sign but funding happens later; in a 'wet closing,' funding occurs at or shortly after signing. The deed is typically recorded only after funding to protect all parties.
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