Saturday, January 28, 2017

Things Your Closing Agent Will Do To Prepare For Closing Day

That day, the day you have been waiting for - Closing Day. Your closing day – the day you meet with the seller, your real estate agents, title or escrow agents, mortgage broker and any other party involved in the transaction – is the day you officially own your home.

There are several factors involved in this process as you complete the process and sign on the dotted line. When buyers look at condos or homes in a HOA, their first question is often how much are the association fees. 

One of the first critical steps after your transaction is opened by the escrow officer is obtaining a complete package of Homeowners Association (HOA) documents for the Buyer’s review.  Bylaws and CC&Rs are written into the deed of your house and are provided to the buyer at closing. You will also need the extra funds to cover HOA Transfer fees (if applicable) and any upfront dues and assessments.

Here are just a few things the closing agent will do to obtain the information for your closing.

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