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A closing will be scheduled
after contract contingencies are satisfied and a satisfactory
title search is obtained. Closing figures should be reviewed
in advance so there are no surprises or adjustments the
day of the closing. Buyers and sellers will both attend
the closing together or closing documents may be executed
separately. The buyer will need to bring a cashiers or
certified check for the down payment and closing costs,
proof of insurance and any items that are conditions of
the sale. Both buyers and sellers should bring proof of
identification. Photo identification may be required.
The closing attorney or title company representative will
explain all documents which may include a mortgage, note,
settlement forms and the deed. Monies will be collected
and dispersed by the closing agent. Home utilities and
services will be terminated or transferred. The buyer
will take possession of the property according to the
terms of the purchase contract. |
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