DOCSLIB.ORG

Closing Checklist Selling Agent Responsibilities *Be Certain That All Parties Have Copies of Any Documents That They Have Signed Or Initialed, Including the Contract

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Closing Checklist Selling Agent Responsibilities *Be Certain That All Parties Have Copies of Any Documents That They Have Signed Or Initialed, Including the Contract Closing Checklist Selling Agent Responsibilities *Be certain that all parties have copies of any documents that they have signed or initialed, including the contract. Prepare For Negotiation Date Completed __/__ ___ 1. Pre-qualify Purchaser, get pre-qualification letter. __/__ ___ 2. Prepare cost sheet for purchaser. __/__ ___ 3. Prepare cover letter to Listing Agent personalizing the purchaser. __/__ ___ 4. Prepare the VPAR Settlement Transmittal Form. __/__ ___ 5. Make certain that the purchaser signs the Virginia Residential Property Disclosure or Disclaimer. __/__ ___ 6. Make certain that the purchaser signs the Lead Based Paint Disclosure if applicable. __/__ ___ 7. Return a copy of the ratified contract to the purchaser. Turn the contract in to the sales secretary. __/__ ___ 8. If Power of Attorney is to be used at closing locate original and deliver copy to settlement agent. Week 1 __/__ ___ 1. Deliver the POA/Condo Packet if applicable; have the purchaser sign for proof of receipt. __/__ ___ 2. Get the purchaser to a mortgage company within seven (7) working days of contract ratification for loan application. __/__ ___ 3. Arrange and attend the home inspection; negotiate any deficiency lists. __/__ ___ 4. Deliver a copy of the contract to the attorney and lender with the settlement Transmittal form. Week 2 __/__ ___ 1. Check with the Mortgage Company. Has appraisal been ordered? __/__ ___ 2. Report to the purchaser regarding the status of the loan. __/__ ___ 3. If applicable and not completed in week 1, deliver POA/Condo Packet; have the purchaser sign for proof of receipt. __/__ ___ 4. Assist with the documents and any letter writing. Are verifications coming in? __/__ ___ 5. Instruct Buyer to order insurance. Week 3 __/__ ___ 1. Check with the Mortgage Company; make certain that all documents have been submitted. __/__ ___ 2. Confirm with the Mortgage Company that the loan has been submitted. Ask what the turn-around time for the loan will be. Call purchasers regarding the loan status. __/__ ___ 3. Coordinate with the Listing Agent and the attorney on a tentative closing date. __/__ ___ 4. Check with Listing Agent on status of any repairs. __/__ ___ 5. Coordinate the walk through. Make sure that the utilities are on and transferred. Week 4 __/__ ___ 1. Call the purchaser. Inform him of the loan approval and any conditions. Set a date and time for the walk-through inspection _____/____- (Walk through should be 2-3 days prior to closing). 2. Check with the attorney on the following items: __/__ ___ a. Pay-off has been received __/__ ___ b. Survey has been ordered __/__ ___ c. Termite letter has been received __/_ ___ d. Insurance binder has been received __/__ ___ e. Deed has been prepared and received __/__ ___ f. Confirm the closing date ____/___/____ and time __________ __/__ ___ g. Well/septic certification has been received __/__ ___ h. Home Warranty paperwork has been received if applicable __/__ ___ 3. Notify the lender of the closing date. __/__ ___ 4. Conduct the walk-through. __/__ ___ 5. Have the form signed by the purchaser and give copy to Listing Agent. __/__ ___ 6. On the day prior to closing, obtain the HUD Statement and inform the purchasers of the amount of cash needed to close. Tell the purchasers to bring a cashier’s check or certified funds made out to the closing attorney. __/__ ___ 7. Attend the closing with the complete file. Review the HUD Statement. COPYRIGHT 2002 by the Virginia Peninsula Association of REALTORS®, Inc. All rights reserved. This form may be used only by members in good standing of the Virginia Peninsula Association of REALTORS®, Inc. The reproduction of this form, in whole or in part, or the use of the name Virginia Peninsula Association of REALTORS®, Inc. in connection with any other form, is strictly prohibited without prior written consent of the Virginia Peninsula Association of REALTORS®, Inc. Closing Check List Page 1 of 2 Listing Agent Responsibilities *Be certain that all parties have copies of any documents that they have signed or initialed, including the contract. Prepare For Negotiation __/__ ___ 1. Provide the net amount to the seller. __/__ ___ 2. Provide information to personalize the purchasers. __/__ ___ 3. Review the contract to understand areas needing negotiation. __/__ ___ 4. Make certain that the VA Residential Disclosure/Disclaimer form is a part of the contract. __/__ ___ 5. Make certain that the seller signs the Lead Based Paint Disclosure if applicable. __/__ ___ 6. Discuss the continuance of utilities with the seller for appraisal purposes and inspections. __/__ ___ 7. Provide a copy of the contract to the seller. __/__ ___ 8. Return the contract to the Seller Agent. __/__ ___ 9. Put up “Pending” sign or whatever signs you use in your area. __/__ ___ 10. Turn in the contract to the sales secretary. __/__ ___ 11. Report the listing as “pending” to the MLS. __/__ ___ 12. If POA is available, deliver to Buyer’s agent upon ratification and get receipt. Week 1 __/__ ___ 1. Order the POA/Condo packet if applicable. __/__ ___ 2. Check with the Mortgage Company to obtain the preliminary opinion. __/__ ___ 3. Call the seller to provide feedback and status. __/__ ___ 4. Prepare and deliver the contract to the closing attorney with the cover letter and the Settlement Transmittal Form. Include information regarding pay-off. __/__ ___ 5. Send a cover letter to the attorney who is preparing the deed. __/__ ___ 6. Order termite letter according to contract before closing. Make sure the closing is within 30 days. __/__ ___ 7. If Power of Attorney is to be used at closing locate original and deliver copy to settlement agent. __/__ ___ 8. Order the well/septic certification if applicable; after home inspection. Week 2 __/__ ___ 1. Check with the mortgage company. Has the appraisal been ordered? __/__ ___ 2. Report any feedback to the seller. __/__ ___ 3. Check with the mortgage company. Has the loan been approved? __/__ ___ 4. Report any needed repairs to the seller. Week 3 __/__ ___ 1. Call the mortgage company. Has the loan been approved? __/__ ___ 2. Coordinate with the Selling Agent and the attorney in setting a tentative closing date. ____/____/____ __/__ ___ 3. Coordinate the walk-through. Set a date for two to three days prior to closing. ____/____/____ Check that the utilities are on per contract; coordinate any transfers. __/__ ___ 4. Inform the seller of the loan’s approval; confirm that the property must be vacant by the closing date unless a possession agreement is in effect. Week 4 1. Check with the closing attorney on the following: __/__ ___ a. Pay-off has been received __/__ ___ b. Survey has been ordered __/__ ___ c. Termite letter has been received __/_ ___ d. Insurance binder has been received __/__ ___ e. Deed has been prepared and received __/__ ___ f. Confirm the closing date ____/____/____ and time ____________. __/__ ___ g. Seller has been contacted regarding signing the deed. __/__ ___ h. Well/septic certification has been received __/__ ___ i. Home Warranty paperwork has been received if applicable __/__ ___ 2. Attend the walk through, get signed walk through from selling agent. __/__ ___ 3. Arrange any repairs with the seller. __/__ ___ 4. On the day before or of closing. Obtain the HUD Statement from the attorney’s secretary. Confirm the amount or the proceeds and notify the seller. __/__ ___ 5. Collect pro rata rent, if any. __/__ ___ 6. Attend the closing, taking the house keys and the complete file with you. Review the closing statement. __/__ ___ 7. Remove the “FOR SALE” sign and lock box. __/__ ___ 8. Change the listing to “sold” in the MLS immediately after the closing. COPYRIGHT 2002 by the Virginia Peninsula Association of REALTORS®, Inc. All rights reserved. This form may be used only by members in good standing of the Virginia Peninsula Association of REALTORS®, Inc. The reproduction of this form, in whole or in part, or the use of the name Virginia Peninsula Association of REALTORS®, Inc. in connection with any other form, is strictly prohibited without prior written consent of the Virginia Peninsula Association of REALTORS®, Inc. Closing Check List Page 2 of 2 .
Load more

Recommended publications
  • AIG Investments Jumbo Underwriting Guidelines
    AIG Investments Jumbo Underwriting Guidelines December 20, 2019 These AIG Investments Jumbo Underwriting Guidelines (Exhibit A-2) are dated December 20, 2019. The Underwriting Guidelines may be updated or modified from time to time. AIG Investments believes the information contained in this document relating to state laws and third party requirements to be accurate as of January 1, 2020. However, this information is provided for informational purposes only and may change at any time without notice. AIG Investments is providing this information without any warranties, express or implied. © 2019 AIG Investments. All Rights Reserved. AIG Investments is an affiliate of American International Group, Inc. ("AIG”). AIG Investments is the program administrator for this program and not the purchaser of the loan. Please refer to the AIG Investments Correspondent Seller's Guide for additional information regarding the relationship between the parties. MC-2-A987C-1016 Table of Contents Table of Contents ..................................................................................................................................................................................................................... 1 Jumbo Loan Underwriting Introduction ................................................................................................................................................................................. 5 Chapter One: General .....................................................................................................................................................................................................
    [Show full text]
  • Chapter 3: Escrow, Taxes, and Insurance
    HB-2-3550 CHAPTER 3: ESCROW, TAXES, AND INSURANCE 3.1 INTRODUCTION To protect the Agency’s interest in the security property, the Servicing and Asset Management Office (Servicing Office) must ensure that real estate taxes and any other local assessments are paid and that the property remains adequately insured. To ensure that funds are available for these purposes, the Agency requires most borrowers who receive new loans to deposit funds to an escrow account. Borrowers who are not required to establish an escrow account may do so voluntarily. If an escrow account has been established, payments for insurance, taxes, and other assessments are made by the Agency. If an escrow account has not been established, the borrower is responsible for making timely payments. Section 1 of this chapter describes basic requirements for paying taxes and maintaining insurance coverage; Section 2 provides procedure for establishing and maintaining the escrow account; and Section 3 discusses procedures for addressing insured and uninsured losses to the security property. SECTION 1: TAX AND INSURANCE REQUIREMENTS [7 CFR 3550.60 and 3550.61] 3.2 TAXES AND OTHER LOCAL ASSESSMENTS The Agency contracts with a tax service to secure tax information for all borrowers. The tax service obtains tax bills due for payment, determines the optimal time to pay the taxes in order to take advantage of any discounts, and provides delinquent tax status on the portfolio. A. Tax Service Fee All borrowers are charged a tax service fee. Borrowers who obtain a subsequent loan are not required to pay a second tax service fee.
    [Show full text]
  • Contract for Sale of Real State
    CONTRACT FOR SALE OF REAL STATE This Contract for Sale is made on , 20 BETWEEN whose address is , referred to as the Seller, AND whose address is , referred to as the Buyer. The words "Buyer" and "Seller" include all buyers and all Sellers listed above. 1. Purchase Agreement. The Seller agrees to sell and the Buyer agrees to buy the property described in this contract. 2. Property. The property to be sold consists of (a) the land and all the buildings, other improvements and fixtures on the land; (b) all of the Seller's rights relating to the land; and (c) all personal property specifically included in this contract. The real property to be sold is commonly known as in the Township of in the County of and State of New Jersey. It is shown on the municipal tax map as lot in block . This property is more fully described in the attached Schedule A. 3. Purchase Price. The purchase price is $ 4. Payment of Purchase Price. The Buyer will pay the purchase price as follows: Previously paid by the Buyer (initial deposit) $ Upon signing of this contract (balance of deposit) $ Amount of mortgage (paragraph 6) $ By assuming the obligation to pay the present mortgage according to its terms, $ this mortgage shall be in good standing at the closing. Either party may cancel this contract if the Lender does not permit the Buyer to assume the mortgage (estimated balance due). By the Seller taking back a note and mortgage for years at % $ interest with monthly payments based on a payment schedule.
    [Show full text]
  • Chicago Association of Realtors® Condominium Real Estate Purchase and Sale Contract
    CHICAGO ASSOCIATION OF REALTORS® CONDOMINIUM REAL ESTATE PURCHASE AND SALE CONTRACT (including condominium townhomes and commercial condominiums) This Contract is Intended to be a Binding Real Estate Contract © 2015 by Chicago Association of REALTORS® - All rights reserved 1 1. Contract. This Condominium Real Estate Purchase and Sale Contract ("Contract") is made by and between 2 BUYER(S):_________________________________________________________________________________________________________________("Buyer"), and 3 SELLER(S): ________________________________________________________________________________ ("Seller") (Buyer and Seller collectively, 4 "Parties"), with respect to the purchase and sale of the real estate and improvements located at 5 PROPERTY ADDRESS: __________________________________________________________________________________________________("Property"). 6 (address) (unit #) (city) (state) (zip) 7 The Property P.I.N. # is ____________________________________________. Approximate square feet of Property (excluding parking):________________. 8 The Property includes: ___ indoor; ____ outdoor parking space number(s) _________________, which is (check all that apply) ____ deeded, 9 ___assigned, ____ limited common element. If deeded, the parking P.I.N.#: ______________________________________. The property includes storage 10 space/locker number(s)_____________, which is ___deeded, ___assigned, ___limited common element. If deeded, the storage space/locker 11 P.I.N.#______________________________________. 12 2. Fixtures
    [Show full text]
  • Avoid Foreclosure: Pre‐Foreclosure Sale & Deed in Lieu to the Rescue!
    Avoid Foreclosure: Pre‐Foreclosure Sale & Deed In Lieu to the Rescue! Section 502 Guarantee Loan Program Welcome to “Avoid Foreclosure: Pre‐Foreclosure and Deed in Lieu to the Rescue! This presentation will review more effective ways to leverage the pre‐foreclosure and deed in lieu loss mitigation options to help more USDA guaranteed loan borrowers avoid foreclosure! 1 SFH Guaranteed COST OF FORECLOSURE Survey of FY 2017 paid claims • Average loss claim: $50,990 • Average liquidation costs: $6,168 Foreclosure is certainly not cost effective. Not for the borrower. Not for the lender. Not for the U.S. Government. In a review of over 11,600 loss claims paid due to foreclosure in calendar year 2017: • The average loss claim was over $50,000 and • Average liquidation costs per claim were over $6,000 These figures include loss claims paid for properties sold while in REO, unsold but held in REO, and foreclosures completed through third parties. That’s a lot of money! 2 SFH Guaranteed LOSS MITIGATION OPTION USE Loan Modification 49% Repayment Agreements 45% Pre‐Foreclosure Sales (Less than 1%) Deed In Lieu (Less than 1%) This chart represents over 14,700 lender approved loan servicing plans for calendar year 2017. • 7,166 were loan modifications and Special Loan Servicing modifications • 6,623 were forbearance repayment agreements • 805 are short sales, and only • 121 are deed‐in‐lieu 3 SFH Guaranteed COULD FORECLOSURE BE AVOIDED? The big question we would like to answer is: Could foreclosure have been avoided? 4 SFH Guaranteed EVIDENCE OF HOPE • Less than 3,000 claims • Not due to foreclosure There is evidence that USDA’s loss mitigation strategies, when approved and executed, are halting the breaks on foreclosure activity.
    [Show full text]
  • Commonly Used Real Estate Transaction Terms
    Commonly Used Real Estate Transaction Terms The following terms are utilized frequently in real estate transactions that are not used in implementing other NRCS conservation programs. The definitions provided for this list of terms does not supersede definitions provided in the WRP manual or in the Department of Justice title standards, but is intended to clarify frequently used terms. 1. “Exceptions and clouds on title” refers to any evidence that the landowner is not in full control of the property to be encumbered by the Wetlands Restoration Program (WRP) easement or contract or that the property cannot be used for wetland restoration purposes. Exceptions and clouds on title can include mechanics’ liens, mortgages, judgments, divorce decrees, other conservation easements, hazardous waste risks, and squatters’ rights. 2. “Title search documents” refers to the summaries of information regarding the documents obtained by searching the land records, court dockets, and other public records. These summaries are contained in documents entitled “Preliminary Title Report,” “Title Commitment Binder,” “Title Abstract,” and the like. 3. “Underlying documents” refers to the individual documents listed in the title search documents summary that are obtained by searching the land records, court dockets, and other public records. 4. “Closing agent” refers to the person or entity preparing the title search document, providing the underlying documents, or handling the closing and legal transfer of title and ownership from the seller to the buyer. The closing agent is typically not an agent of either party, but simply the person entrusted to carry out all non-conflicting instructions from all parties. In WRP transactions, the closing agent is hired by NRCS and thus is consider a buyer’s agent.
    [Show full text]
  • Agreement for Occupancy Prior to Closing
    AGREEMENT FOR OCCUPANCY PRIOR TO CLOSING Form approved by the Birmingham Association of REALTORS®, Inc. March 29, 2006 (Previous forms obsolete and are no longer approved) WHEREAS, the undersigned SELLER(S)__________________________________________________ and BUYER(S)_____________________________________________________________________________ have entered into a contract dated , for the sale and purchase of the real property (the "Sales Contract") commonly known or described as ________________________________ _________________, Alabama (the "Property") which contract is scheduled to close on or before ___________________, 20__. Buyer desires to take possession of and to occupy the Property before the closing of the sale and Seller has agreed to allow Buyer to take possession of and to occupy the Property prior to closing on the following terms and conditions: NOW, THEREFORE, SELLER AND BUYER hereby agree as follows: 1. POSSESSION: Seller hereby grants permission to Buyer to take possession of the Property effective ____________________,20___ and to occupy same until the close of the Sales Contract, or until the right of possession is earlier terminated in accordance with this Agreement. 2. CONDITION OF PROPERTY: Buyer acknowledges inspection of the Property and hereby accepts the Property as is and as conforming to the requirements of the Sales Contract (except as to matters of title or survey, which shall be determined as provided in the said Sales Contract), subject only to the following (if any): _____ _____ _____ 3. RENT: Buyer shall pay to Seller for the occupancy of said Property the sum of $________________ per _____________. 4. HOLDOVER: If the Sales Contract is not closed as scheduled or as extended, through no fault of Seller, Buyer agrees to vacate the Property within _____________ days after service of a written notice from Seller.
    [Show full text]
  • Homeservices of America Names Chief Diversity and Inclusion Officer
    HomeServices of America Names Chief Diversity and Inclusion Officer Posted on July 16, 2020 at 6:18 pm. MINNEAPOLIS, MN (July 16, 2020) — Gino Blefari, CEO of HomeServices of America, a Berkshire Hathaway affiliate, has appointed Teresa Palacios Smith as Chief Diversity and Inclusion Officer for HomeServices and its subsidiaries, including its family of brokerage, mortgage, insurance, settlement-services, and relocation companies, and HSF Affiliates, which operates the Berkshire Hathaway HomeServices and Real Living franchise networks. In her role, Palacios Smith will lead HomeServices’ employee- and agent-diversity programs, cultivate a culture of equity and inclusion, and champion the company’s goal of increasing minority homeownership. “There’s no place like home. Our home is a place that we associate with acceptance, family, love, safety, and belonging,” said Palacios Smith. “HomeServices eXemplifies this and I’m honored to lead the diversity and inclusion efforts of a company that values its people, promotes diversity, equity, and inclusion, and cherishes homeownership and fair housing for all.” Palacios Smith began her career as a successful real estate agent and served on Berkshire Hathaway HomeServices Georgia Properties’ management team. In 2017, she joined HSF Affiliates as its Vice President of Diversity & Inclusion for the Berkshire Hathaway HomeServices and Real Living franchise networks. During her more than 20 years in the real estate industry, Palacios Smith has been a national speaker and trainer who has focused on emerging markets, unconscious bias, and real estate trends in diverse market segments. She serves on the boards of many of the country’s top housing organizations that focus on supporting people from traditionally underserved communities and is recognized for her dedication to eXpanding and celebrating leadership opportunities in real estate for women.
    [Show full text]
  • Homeservices of America Leaders Recognized with Industry Honors
    FOR IMMEDIATE RELEASE Israel Kreps Kreps DeMaria PR (for HomeServices of America) (305) 663-3543 [email protected] HomeServices of America Leaders Recognized with Industry Honors MINNEAPOLIS (January 13, 2016) – HomeServices of America, a Berkshire Hathaway affiliate, today congratulated executives from across its brokerage and franchise companies for being named to the 2016 Swanepoel Power 200 list. The Swanepoel Power 200 is a comprehensive roster of CEOs and senior executives whose leadership and experience drive the industry and their organizations. “The individuals on this list have distinguished themselves by their influence within the real estate industry,” said Ron Peltier, chairman and CEO of HomeServices. “Their contribution to HomeServices and our collective success is an ongoing source of pride for the entire organization.” The HomeServices’ executives recognized on the 2016 Swanepoel Power 200 list are: Candace Adams—president and CEO, Berkshire Hathaway HomeServices New England Properties Kim Bakey—CEO, Iowa Realty Gino Blefari—president and CEO, HSF Affiliates David Cabot—president and CEO, Berkshire Hathaway HomeServices California Properties Jon Coile—president and CEO, Champion Realty Joan Docktor—president, Berkshire Hathaway HomeServices Fox & Roach, Realtors® Dan Forsman—president and CEO, Berkshire Hathaway HomeServices Georgia Properties Lawrence Flick, IV—president and CEO, Berkshire Hathaway HomeServices Fox & Roach, Realtors® James Imhoff—CEO, First Weber REALTORS® Rosey Koberlein—president and CEO, Long Companies
    [Show full text]
  • The Smart Consumer's Guide to Reducing Closing Costs
    The Smart Consumer’s Guide to Reducing Closing Costs When buying, selling or refinancing a home The Smart Consumer’s Guide to Reducing Closing Costs TABLE OF CONTENTS An Introduction to Closing Costs ................................................... 4 The Closing Process Begins with a Good Faith Estimate .......................................... 4 What are typical closing costs? ................................................................................ 5 I. Real Estate Broker or Agent Fee ........................................................................... 6 II. Items Payable in Connection with Loan .............................................................. 6 Application fee ............................................................................................................ 6 Loan origination charge ............................................................................................... 6 Discount “points” ......................................................................................................... 7 Wire transfer fee ......................................................................................................... 7 Appraisal fee ............................................................................................................... 7 Lender-required home inspection fee ............................................................................ 7 Termite/pest inspection ............................................................................................... 7 Property
    [Show full text]
  • Real Estate Settlement Agent (RESA) FAQS
    Real Estate Settlement Agent (RESA) FAQS Registration/Licensing related questions 1. Who is required to be registered? Any person, other than the lender, seller, purchaser or borrower, who conducts the settlement conference and receives or handles money, must be registered. See Virginia Code § 55.1-1000 and Chapter 395, Rules Governing Settlement Agents, Regulation 14VAC5-395-10 through 14VAC5-395-90. 2. What are the steps for becoming registered? All registration must be completed online. Please review the RESA Registration Instructions. 3. I’m an attorney. Do I need to obtain a title insurance license and register with the Bureau to conduct settlements on Virginia property? If you are admitted to the Virginia State Bar and registered with the Bar, you do not need to be registered with the Bureau; however, if you are writing title insurance you must hold a title license issued by the Bureau of Insurance. 4. Am I required to be licensed as a Title insurance agent if I am only going to conduct real estate settlements? Yes, if you are not an attorney or real estate broker, you must be a licensed Title insurance agent and be appointed with a title insurance company as a prerequisite to registering as a real estate settlement. 5. How do I obtain a title license and company appointment? You must take the required pre-licensing course (16 hours) and pass the Title examination and apply for the license. Once you have obtained the license, you must contact a title insurance company to appoint you. Information regarding the pre-licensing requirements and appointment process may be found in the Virginia Insurance Licensing Candidate Handbook.
    [Show full text]
  • PDF(Brochure Format)
    ROLL FOLD... DOUBLE CHECK ADJUSTMENTS FOR ROLL FOLD... 1/16" creep. MAKE ADJUSTMENTS FOR DOT GAIN. note, deed of trust, tax forms, and other disclosures). associated with the loan, title search and closing. These Q: The closing attorney is asking me to remit • create a false gift letter for down payment funds. the other party may terminate the contract. If you are not A seller will be asked to sign a deed conveying the costs include the appraisal fee, survey, pest inspection, funds via wire transfer. How can I protect myself • make it appear you made a deposit when, in fact, using the standard form Offer to Purchase and Contract property to the buyer. If a buyer has not already lender fees, fees to establish an escrow balance for from wire transfer fraud? you did not. in your transaction, you should consult an attorney received and reviewed copies of the termite report, homeowner’s insurance, taxes and any required private A: Before transferring any funds via wire transfer, • give the seller a secret or even false or “forgivable” regarding the impact of a possible delay in closing. Questions and Answers on: survey and repair invoice(s), he/she should do that at mortgage insurance, attorney fees, title insurance, and contact the closing attorney’s office by telephone using second mortgage. the closing. recording fees. The seller normally pays the balance a publicly verified phone number and speak directly • make payments outside of closing which are not Related reading available from the Real Estate due on any existing loans, his portion of the taxes, to the closing attorney or a member of his/her staff disclosed on the closing disclosure or closing/ Commission: REAL ESTATE commissions to real estate brokers, fees for deed to obtain the correct wire transfer information.
    [Show full text]