have the amount you need to pay at closing at a minimum 24-72 hours before you sign. So make sure to check with your loan officer and/or the closing company and verify your total and where the wire should go. Due to a new era of cyber crimes, verify the bank and account numbers verbally with the closing company of where to wire your money. Prepare all the paperwork that you’ve collected during the process. This includes the sales contract, inspection reports and repair addendums, and copies of checks or proof of your down payment. Several people could be present at the closing, e.g., your attorney, a seller or seller’s representative, seller’s attorney, real estate agents (both yours and seller’s), lender’s representative, a title company’s representative aka: closing agent which is also a public notary. The exact number and function depends on the state and county. In some states, it’s as few as the buyer(s) and the closing agent, with all documents pre-executed by the other parties. Basically, the purpose of the meeting is to sign the following documents: • Closing Disclosure (CD). e (CD).This document contains your final payments, costs, and charges upon agreed terms and periods. You’re supposed to receive it three business days before the closing date and compare it with the conditions of the initial loan estimate. • Mortgage note. In signing this document, you agree to your mortgage terms and conditions, as well as penalties, in case you’re not able to pay duly and on time. • Deed of trust or mortgage. In real estate, a deed of trust or trust deed is a deed wherein legal title in real property is transferred to a trustee, which holds it as security for a
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