It could mean several things. If there was a sale, that could mean the transaction is "closed and funded" meaning money has changed hands from buyer to seller and the exchange of the property has occurred.
Possibly a loan was paid off on a property by someone and now it is closed. Now that property is free and clear of any liens.
There could also be a situation with a lender and a foreclosure where that lender has "closed" the loan which could mean the home is foreclose on, they have written off the loan, etc.
It helps to know it what situation your speaking off. Let us know if we can assist you.
Bernstein Realty, Inc.
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
http://www.lynn911.com 100's of Dallas homes listed for sale or lease
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