Usually, the escrow holder handles each of the necessary steps throughout the closing. Keep in mind that there are alternatives to an escrow holder, depending on the location in which you live. Using an attorney to view all documents and answer any questions.
Using a title company.
Title companies can provide title insurance and often have access to your escrow and closing needs. You need to have a clear understanding of what your state specifically requires of you, before hiring any providers to aid in the closing of your property. Your work isn’t finished yet. In fact, you’re just getting started. Keep these three things in the forefront of your mind, and your closing should go smoothly. 1. Your buyer must get their loan approval. 2. You must meet all the expectations of the buyer’s lender. This could include an appraisal, title insurance, surveys, and title inspection. Remember, this changes from location to location and by lender. 3. The inspections come next. Hopefully, you’ve already done a pre-inspection and the ones required by the bank will run smoothly.
AFTER THE OFFER IS ACCEPTED
There are several hurdles to cross before the closing. You need to keep up with all the details that are swirling around you at this point and keep everything on schedule.
l. The Loan Application:
90
Powered by FlippingBook