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On closing day, you will have two primary responsibilities: signing legal documents and paying closing costs and escrow items. It is important to read all of these legal documents carefully so ...
In addition, the closing documents are usually held by the closing agent or escrow officer. Papers that are public records, like the deed, can be accessed either from the county recorder’s ...
The real estate escrow, also known as a pre-sale escrow, is designed to protect the buyer and the seller if the purchase falls through. Sellers can request earnest money as a show of good faith ...
The closing: On the closing date, the closing documents are signed by the buyer and seller. [9] On this day, the seller may also deliver possession to the buyer, typically by giving the buyer keys to the property. [10] Post closing: The signed documents are recorded at the recording office. [11] Title insurance is issued during this time. The ...
In some cases, the buyer would pay the lender the application directly and prior to closing, while in other cases the fee is part of the buyer's closing costs payable at closing. Points, paid by the buyer to the lender but may be reimbursed by the seller. Points are a form of pre-paid interest, charged by the lender as an alternative to ...
the successful negotiation of a purchase contract between a satisfactory buyer and seller and the subsequent ability and willingness of the buyer to close the deal, or; finding a satisfactory buyer who is ready, willing, and able to pay the full listing price (or more) for the real estate for sale without any contingencies.
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