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How to Guarantee a Smooth Closing
All parties involved need certain documents and other information from both the buyer and the seller to move the closing/settlement process along. Even in a refinance, the borrower can assist greatly by having certain documents and information available at the beginning of the process. CU Title has put together a list of the documents needed for every residential closing. We aim to make even the toughest transactions go smoothly.
Please print this sheet and use it to make your closing a pleasant one!
Provide to CU Title at the beginning of process:
- Name, address, and phone number of Seller's Real Estate Agent.
- Name, address, and phone number of Buyer's Real Estate Agent.
- Seller to provide a fully executed Purchase/Sales Contract.
- Seller/Buyer or Borrower to provide current Owner's Title Policy.
- Borrower (refinance only) to provide copy old Survey.
- Seller or borrower (if refinance) to provide written authorization (see attached form) for CU Title to obtain a payoff from any holder of existing liens.
- Seller or borrower (if refinance) to provide, if necessary, any documentation regarding any pending or dismissed court matters relating to the property, including divorces, judgment liens, etc.
Provide to Title Agent prior to closing:
- Buyer/Borrower to provide required hazard insurance policy with paid receipt or invoice.
- Seller to provide any inspection reports and invoices; i.e.; gas/pest inspection.
- Buyer/Borrower and/or Lender to provide hazard insurance
- Buyer/Borrower to provide any Attorney's fee charged and any other charges to be paid out of closing.
- Seller to provide any Attorney's fee charged and any other charges to be paid out of closing.
- Title Agent to provide to Seller and Buyer an itemized list of charges and amount due at closing.
Provide at Closing (Bring to Closing):
- Seller, Buyer or Borrower to bring any funds due at closing in the form of a certified check, cashier's check, money order or wire payable to CU Title.
- Seller, Buyer or Borrower to bring Valid Photo I.D.
- All parties to bring any other items that have been requested in advance.
- Don't forget to ask for driving directions to the place of closing!
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