Cryptocurrency Q&A
Does funded mean paid?
Does funded mean paid?
Nicola
Tue Dec 10 2024
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7 answers
1364
I'm trying to understand the meaning of 'funded'. Does it mean the same as 'paid'? If something is funded, does that imply the money has already been given or is it just a commitment to provide funds?
7 answers
Sebastiano
Thu Dec 12 2024
Once the funding process is complete, the lender transfers the money to a third-party entity. This entity, typically a title or Escrow Company, is responsible for handling the closing of the real estate transaction.
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Carlo
Thu Dec 12 2024
The Escrow Company acts as a neutral intermediary between the buyer, seller, and lender. They ensure that all funds and documents are in order before the transaction can be finalized.
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EmmaWatson
Thu Dec 12 2024
The funding process is a critical step in any real estate transaction that involves a mortgage loan. Without it, the transaction cannot proceed to closing.
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BusanBeauty
Thu Dec 12 2024
The term "funded" in real estate holds a specific meaning that is crucial for both buyers and sellers.
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SolitudeEcho
Thu Dec 12 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of investors in the digital asset space. Among its offerings are spot trading, futures trading, and a wallet service.
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