Alton Real Estate Closing

The Day You Go To Closing

You have been through shopping & touring properties,
Have an accepted contract, conducted all the inspections,
went through the loan process & obtained approval... Now it's time for CLOSING.

The closing process consists of several documents.
The Loan Package, Deed, Settlement Statement (HUD-1) etc.

You show up at the title co. You will meet your real estate agent,
your loan officer and the closing officer.

You have brought with you:
Picture ID.
Proof of Home Owners Insurance.
Termite Inspection.
Funds (money) in the form of a Cashiers Check made payable to
THE TITLE CO.
(in the amount located on the HUD-1.)

The buyer & sellers are sitting in separate rooms. Usually the
loan officer sits down & will have you sign the loan package.
(this will take 45-60 minutes) I will leave the room at this
time to respect your financial privacy. Then the closing officer
will enter the room, have you sign the deed & other legal documents.

Then you will actually sign the HUD-1. Hopefully you had a
chance to review it, the closing table is NO PLACE to see it
for the first time. If you have reviewed it, take a look and
browse over it again, MAKE SURE nothing has changed...
HUD-1's are frequently revised and it's also a good time
for some lenders to insert last minute junk fees.

Once you have signed it's final...

Then, for the most part, the closing is over. You'll meet the
sellers, (if they're in town) and receive keys / garage door
remotes. (depending on the day you take possession)

information approx, based on personal experience, all situations vary...
content is author's opinion only.