What type of closing involves all parties and their representatives meeting in person to exchange documents?

A face-to-face closing involves all parties, including buyers, sellers, and their respective representatives, physically gathering in one location to complete the transaction. This in-person meeting allows for the direct exchange of documents, such as the deed and closing statements, facilitating immediate communication and clarification regarding any concerns or questions that might arise during the process.

This type of closing is beneficial as it enhances transparency and fosters trust among the parties involved. Additionally, it allows for the opportunity to sign documents collectively, which can streamline the process and reduce the likelihood of misunderstandings.

In contrast, other types like remote, virtual, or electronic closings primarily occur without all parties being present in the same physical location. Remote closings may utilize technology to facilitate the transaction, while electronic closings typically involve the use of digital signatures and online document transfer. These alternatives can be convenient but lack the personal interaction that comes with face-to-face closings.