What are the Closing Costs?

Closing What are the Closing Costs? Facebook Twitter Linkedin In addition to the purchase price of a property, there are other fees and expenses that are required to be paid in connection with the transaction. As many of these fees and costs are paid at closing, we refer to them collectively as closing costs.  Closing… Continue reading What are the Closing Costs?

What is Closing?

Closing What is Closing? Facebook Twitter Linkedin In a residential real estate transaction, the term “closing” gets used quite a bit. It can mean different things to different people depending on how involved in the transaction they are, and how much they understand about the transaction process.  For some, closing means everything that happens after… Continue reading What is Closing?

What Documents Will Be Signed at Closing?

Closing What Documents Will Be Signed at Closing? Facebook Twitter Linkedin By the time a transaction reaches its final closing day, a lot of items have been completed. By this stage, the title commitment’s terms generally have been satisfied, settlement statements and closing disclosures have been distributed, and the parties know how the transaction is… Continue reading What Documents Will Be Signed at Closing?

Settlement Statements, Closing Disclosures, and HUD-1s

Closing Settlement Statements, Closing Disclosures, and HUD-1s Facebook Twitter Linkedin There are a number of different ways to finance a real estate purchase. Some buyers are able to pay cash, but many work with financial institutions to obtain the funds to buy the property. Even when working with a lender, there are multiple options available… Continue reading Settlement Statements, Closing Disclosures, and HUD-1s

What is a Remote Closing?

Closing What is a Remote Closing? Facebook Twitter Linkedin Traditionally, the closing day has occurred in person, often at an attorney, title agency, or escrow company office. With the rise of digital technology, real estate closings are changing. New platforms make it easier for the parties to be in separate locations, potentially across the country… Continue reading What is a Remote Closing?