Where and how will Note closings be consummated?
Ans. Typically, Note closings occur at an escrow (title) office or law firm designated by the Seller, and upon the execution (and in some cases, recordation) of all documentation, title endorsements, the satisfaction of all closing conditions and Seller’s receipt of all funds due, the transaction shall close. Such closings typically are required to occur within fifteen (15) days of being declared the winning bidder.