|
Closings usually take place in an office with a title closing agent, the buyer, the seller and the real estate agents involved in the sale. If you wish to have a real estate attorney, they may be present and also your mortgage loan officer may attend if you wish them to be present. At the closing table, the title agent has a big stack of papers for the buyer to sign and only a couple pages for the seller. That big stack is all the paperwork your lender wants you to sign so that they can issue you the loan for the new house. The agent will make sure the purchase price is correct and all figures match. All expenses will be accounted for and explained in detail. If the closing occurs with a buyer or seller out of state or out of the area, electronic funds, fax machines and overnight couriers will make the closing process go just as easy as if you were actually here to attend closing.
The ultimate goal in the closing process is to transfer the title of ownership from the seller to the buyer. All issues with deposits, loan approval, inspections, and addendum requirements should have already been taken care of. In an organized closing, there should be no surprises just simply signing and processing paperwork for the lender to allow the buyer to become the new homeowner. As the buyer, some of the basic documents you might see will be the mortgage note, mortgage deed, closing statement (HUD-1), buyers funding check, financial status affidavit, and primary residence statement.
If you fear that all this paperwork will be overwhelming, feel free to bring your Pinellas County real estate attorney in with you. It is not necessary to have a real estate attorney at closing in the state of Florida but it is always recommended if you are uncomfortable or if a problem should arise. When all paperwork is signed, the seller will hand you all keys to the house and you become a proud new homeowner in Pinellas County , Florida .
|
