Helpful Information to Assist You
In Buying or Selling a Home




Finally! The big day has arrived!!

This is the event where you finalize the purchase of your new home. The title to the property will be legally passed from the seller to you.

Prior to the closing

When all requirements stated in your contract of sale have been fulfilled, your attorney will order a Title Search of the property and the appropriate Title Insurance policy.An updated survey of the property may also be necessary. If you are financing your purchase, the lender's attorney will need all required documentation before the closing date can be set. Your attorney will schedule the date, time and location of your closing with the agreement of the seller’s attorney and the lender's attorney. Your attorney will advise you of the documents necessary to close. A preliminary closing statement will advise you of costs and which checks must be certified. You should request your final "walk through" of the property just prior to the closing to assure yourself it is in satisfactory condition.

Who will be at the closing?

You and your attorney, the seller and seller's attorney, the lender's attorney, the title closer, and the Realtors involved in the transaction.

What happens at the closing?

The three attorneys and the title closer will review all documents and agree on the calculation of adjustments. It is the responsibility of the title closer to assure your attorney and the lender's attorney of clear title to the property; that any mortgages, liens and judgements presently on the property have been satisfied, that all taxes have been paid to date, that there are no violations on the property, and that a Certificate of Occupancy has been issued. When all necessary documents have been signed, all adjustments made, and the seller has received his or her monies, the deed and any other required documents are given to the title closer to file at the County Clerk's office. Then you will receive the keys to the property and the purchase of your home is accomplished!

Your attorney will send you a final closing statement for your records.


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