You should promptly provide any information that your closing agent requests from you. Check with your closing agent before the closing to make sure you bring all required documents to your closing. You will need to bring: ___ if you are the buyer, funds for closing in the form of a cashiers check or wire transfer of funds from your bank to the title company. ___ valid photo identification: a state-issued driver's license, passport or state-issued ID card ___ the Certificate of Approval … [Read more...]
What Happens at the Closing?
A closing is the meeting of all parties involved in a property transaction during which required legal documents are signed and transferred, and funds are distributed (as appropriate between the lender, seller and buyer). The closing usually happens in the closing agent's office. The meeting usually takes about an hour, and is handled by a closing agent, which is either a title insurance company or an attorney. At the closing, the closing agent explains the closing statement as well as other … [Read more...]