What Active Under Contract Means

In real estate, “Active Under Contract” is a listing status indicating a seller has accepted an offer but the property remains available for backup offers until certain contingencies are removed. This status allows the seller to continue marketing the property while the primary contract is being finalized.

Read More →

What Does Cleared To Close Mean

Cleared to close is a mortgage‑lending term that indicates a lender has satisfied all underwriting conditions and authorized the final loan documents, allowing the transaction to proceed to settlement. The status signals to borrowers, sellers, and settlement agents that funding is imminent, though the actual disbursement occurs at the closing meeting.

Read More →