| The
last 24 hours can seem a little hectic, but in the end
we'll bring you to a successful close. Here's a last day
checklist: |
 |
| 1. |
WALK
THRU – Most real estate agents will arrange a final
walk thru so you can double check the condition of the
house prior to closing. Unless otherwise agreed, the house
should be broom clean and available for your possession
immediately after closing. |
|
| 2. |
LENDER
CONDITIONS – If your mortgage approval was subject
to any conditions, make sure your mortgage lender has
either cleared all of the conditions prior to closing or
specifically told you what to take with you to closing to
clear any remaining conditions. |
|
| 3. |
SETTLEMENT
STATEMENT (HUD-1) PREVIEW – TCS will prepare the
final settlement statement (HUD-1) prior to closing. If
all the data is in hand, the statement will be available
for preview the day before closing. Give your TCS closing
coordinator your e-mail address or fax number and we'll
make sure you have a copy ahead of time to review. Don't
panic if you don't get the statement until the closing.
During periods of high volume, lenders sometimes do not
get the instructions to us until the last minute. |
|
| 4. |
PHOTO
ID – Your TCS closer will be notarizing the
documents, so photo ID is necessary. If the closing is
taking place at a location with no copier, please take a
moment to make a copy of your ID ahead of time and take it
with you to closing. |
|
| 5. |
CASHIERS
CHECK – If you need over $500 to close, you'll need
a cashiers check at closing. If you do not have the exact
figure, just get an estimated check based upon the
"Good Faith Estimate". The check should be made
payable to The Closing Specialists®. Call your
lender to confirm the estimated figure you are using is
still accurate. TCS closers carry checks with them. If
your estimated check is too much, the closer will cut you
a check for change at the table. If the estimated check is
for too little, the closer can take a personal check for
amounts up to $500. |
|
| At
TCS we do a roundtable style closing. This means that all
parties come to the same table and complete the
transaction. Budget one hour for closing. Most closings
are done in less time. When the closing is over, we'll
have the executed deed in hand, the seller will have their
check for proceeds, and you'll have the key to your new
home.
It's sure
to be a happy day and we're always glad to be a part of
it.
|
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