If you get your mortgage before close, you will close on the home like you would in any standard purchase. This means you will sign the necessary documents to make you the owner of the home and do the final walkthrough. On the close date, the transaction is recorded on the public record and the closing attorney distributes funds.
If you get do not have your mortgage on the closing date, Ribbon will purchase the home first and reserve it for you. Ribbon will handle the closing, but you are welcome to do the final walkthrough with us.