Pretrial hearings or conferences usually take place toward the end of the divorce process. You or your attorney need all the facts of your case to present to the judge, such as the values of your assets and the extent of your marital debt.utcome. You don't have to settle at the pretrial hearing. You can take some time to think about what the judge said. If you want more time, the judge will usually assign a trial date.
An escalation clause is a real estate contract, sometimes called an escalator, that lets a home buyer say âI will pay x price for this home, but if the seller receives another offer thatâs higher than mine, Iâm willing to increase my offer to y price.â In theory, an escalation clause is fairly simple.
The real estate closing is also referred to as settlement. The two terms are interchangeable, though closing is the more common usage. This is the final step in a real estate purchase transaction. It's when property ownership is transferred from the seller to the buyer. There will also be a final distribution of funds on closing day. The sellers will receive a check for whatever proceeds they earned from the sale. The real estate agents will receive a check for their commissions, if applicable.