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. DOWNLOAD PDF VERSION © 2024 Merkley Marketing Group, all rights reserved
