|
|
|
Congratulations you have made it through all of the planning, searching, and contract contingencies. Now you are ready to head to the settlement table. This is the second toughest part of the process for most buyers (the first is writing the offer).
The settlement process is actually quite simple but loaded with paperwork. As the buyer the majority of the paperwork is yours. The most important document that the seller has to sign is the deed transferring the title of the property to you. On the other hand you will be signing and reviewing:
HUD-1
Property Deed (accepting the property)
Final Loan Papers
Deed of Trust
Title Insurance
Survey
Termite Report
Tax Documents
And there may be more based on the type of home you have purchased and your loan.
The settlement agent we will choose is experienced at answering all your questions and despite the mound of paperwork the process itself usually only takes around an hour. Once you have finished the settlement company will send the lender back all of the signed loan documents and take the deed and deed of trust to the appropriate county courthouse to be filed.
Now you can celebrate…and unpack the moving truck.
Welcome to your new home!
|
|
|