CLOSING DOCUMENTS
Closing day could be a stressful experience if you do not take the time to prepare properly.
To ensure a smooth stress free transaction, take a moment and gather the following documents early in the selling process; these are the basic.
Property survey—the lender will require one. If you already have one, the surveyor may just update the existing one and charge a lower fee. Or, if you do not have one, a survey must be done. Please know that survey helps in the appraisal process as well.
Title insurance policy—the lender will require one. If you bought the house, you have one. The closing agent can update your policy without having to write a new one.
Property tax statement—this will ensure that the tax pro-rations at time of closing will be correct.
Mortgage payoff balance—the closing agent will need this to properly credit (payoff) your existing mortgage. Sometimes it can take up to 30 days to get (from your lender).
Utility bills—have last month's bills handy. This could save you from having to put money in escrow to pay them.
Survey and title policy may be found in your closing package from when you originally closed on your home. The other documents should be lying in that stack of bills that we try to avoid, but know that sooner or later we have to deal with.
Believe me when I tell you that this will save you a lot of headaches so get on this EARLY.
In the meantime, if you have any questions drop me a note at javiergonzalezpa@bellsouth.net or call me at 305.582.5085
