Real Estate Closing Checklist

FROM BUYER

Lender/Broker name and phone number

If property is to be homesteaded, both husband and wife needs to attend closing

If there are two buyers and both are single, will they take title as Joint Tenants with Rights of Survivorship OR as Tenants in Common

Will this transaction be a mail away to any of the buyers Provide mailing address if buyer does not intend to occupy property as homestead

Homeowner’s Insurance/ Invoice and Flood Insurance if applicable, with Invoice WDO/Termite Inspection Report and Invoice

Repair invoices, if any, to be paid at the time of closing

If a Power of Attorney is to be used by any party; both Title Company and the lender MUST approve it

Provide COMPLETE, correctly spelled names of all buyers and marital status

FROM SELLER

Provide COMPLETE, correctly spelled names of all sellers, marital status and Social Security numbers

If property is homestead of sellers BOTH husband and wife must attend closing

Forwarding address for seller

Will this transaction be a mail away to any of the sellers

Copy of existing survey

Copy of prior Owner’s Policy of Title Insurance

Loan numbers, name of lender and phone numbers for ALL outstanding mortgages, 2nd mortgages and lines of credit to be paid off at closing

Name and contact for any active Homeowner’s Association

Repair invoices to be paid at the time of closing

If a Power of Attorney is to be used for any party, it MUST be approved by Title Company

AT CLOSING

All parties to bring TWO forms of identification. One from MUST include a photo and signature ( i.e., drivers license, passport )

Funds needed for closing can be wired ( for which a fee will be charged ) or can be in the form of a CASHIERS CHECK payable to Title Company

Do any of the parties have special needs ( i.e. translator, wheelchair access, etc )

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