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CLOSING CHECKLIST
Ensure the success of your closing with this checklist. |
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Fully
negotiated and signed copy of Contract for Purchase
and Sale |
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Contact information for ALL
parties. Include work, home, cell numbers and
email addresses if available. |
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Transaction
Fees, if applicable and commission rate for EACH
realtor |
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Buyer |
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Provide
COMPLETE, correctly spelled names of all buyers
and marital status |
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Lender/Broker
name and phone number |
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If
property is to be homesteaded, both husband and
wife needs to attend closing |
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If
there are two buyers and both are single, will
they take title as Joint Tenants with Rights of
Survivorship OR as Tenants in Common |
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Will
this transiction be a mail away to any of the
buyers Provide mailing address if buyer does not
intend to occupy property as homestead |
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Homeowner's
Insurance/ Invoice and Flood Insurance if applicable,
with Invoice WDO/Termite Inspection Report and
Invoice |
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Repair
invoices, if any, to be paid at the time of closing |
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If
a Power of Attorney is to be used by any party;
both Title America and the lender
MUST approve it. |
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| From
Seller |
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Provide
COMPLETE, correctly spelled names of all sellers,
marital status and Social Security numbers |
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If
property is homestead of sellers BOTH husband and
wife must attend closing |
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Forwarding
address for seller |
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Will
this transaction be a mail away to any of the sellers |
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Copy
of existing survey |
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Copy
of prior Owner's Policy of Title Insurance |
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Loan
numbers, name of lender and phone numbers for
ALL outstanding mortgages, 2nd mortgages and lines
of credit to be paid off at closing |
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Name
and contact for any active Homeowner's Association |
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Repair
invoices to be paid at the time of closing |
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If
a Power of Attorney is to be used for any party,
it MUST be approved by Title America |
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| At Closing |
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All
parties to bring TWO forms of identification.
One from MUST include a photo and signature (
i.e., drivers license, passport ) |
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Funds
needed for closing can be wired ( for which a
fee will be charged ) or can be in the form of
a CASHIERS CHECK payable to Title America |
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Do
any of the parties have special needs ( i.e. translator,
wheelchair access, etc ) |
