Collect all moneys paid by or on behalf of the Buyer of the new home.
Pay off any balance on the Seller's mortgage loan
Pay outstanding taxes on the home plus all utility bills
Pay himself or herself and all other closing fees
Give all remaining moneys to the Seller
Transfer the deed to the home to the Buyer
The closing date, the date when the buyer becomes the owner of the home, is typically 30 to 45 days from when the Seller and Buyer agreed to terms and signed a final Purchase Agreement.
In most states the closing is hosted by the mortgage lender's attorney or the Seller's attorney. An increasing number of states stipulate the use of an Escrow Agent or Title Company to handle the closing. The Seller and Buyer seldom have their own attorneys, but in the case where the seller's attorney handles the closing, the buyer should have his or her own attorney.
Contract Package $14.20
Real estate forms & contracts to legally sell or buy a home. Download them in Microsoft Word format for Windows & Mac. Order now.
::
Copyright Jan. 2006 by Audrie.com Corporation
Stone Mountain, Georgia Fax: 770-469-2180
Send us anEmail.
