the financial institution will not release the mortgage funds
Scheduled Connections About a month before your closing date it will be time to contact the utility companies to request reconnection notices. It is important to have the reconnection confirmed for the day of closing. Many homeowners choose to move a few days after the close, however the last day the seller is responsible for is the day of close and they will have disconnection notices in. Final Meeting with Lawyer Anywhere from 24 to 48 hours prior to close the lawyer will set up an appointment to sign all the necessary documents and require a certified bank draft for the closing costs. A statement of adjustments will be reviewed and contain the total of the following: Down Payment, Deed Transfer Tax, Property Tax Amount Due, Legal Fees, Fuel Adjustment if applicable minus the Deposit. At this time, you will also sign all documents necessary to fulfill your repayment obligation to the financial institution which will hold your mortgage and necessary warranty deed documents. Arrange Moving Logistics When choosing a moving company, it is important not to look at just the rate per hour. Always request at least two quotes. Important details to ask the representative is how large is the moving truck they use? This will help you determine how may trips the company will have to make to move all your items. The rate per hour may be a lot less however the total cost will add up because a smaller truck has to be filled two or three times. Ask about insurance and if they have replacement for damage or just repair. Do not book your movers for the day of close! It may take until the end day for funds to transfer. Pack and Prepare for you Move There are a couple ways to pack up now. U-Haul is a great place
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