Well there are a lot of behind the scenes things that take place in order for you to close on your home and get the keys. As you will see below the steps for closing, we are depending on 3 different entities to work together in order for the home to become yours. While we all become very anxious to get the keys, know that in order for this to happen all of the below steps must be completed.
1. Lender delivers loan documents to the title company
2. Title company works up the closing numbers
3. Send closing Settlement Statement to the lender for approval.
4. Once approved, signing is scheduled.
5. Sign your loan documents.
6. Title Company delivers signed documents back to the lender.
7. Lender sends to the funding department.
8. Funds are delivered to the title company.
9. Once all funds, your funds and the lender funds are received
10. Title Company prepares the recording package to the county for recording.
11. County notifies Title Company once the file has recorded.
Now you Realtor can hand over the keys to your new home!!
Author:Sharon Rodgers Phone: 480-420-6657 Dated: October 16th 2015 Views: 148 About Sharon: ...
A successful real estate experience can be one of the most exciting and rewarding events in your lifetime. The exhilaration of a positive buying or selling transaction can't be beat! However, did you know that moving and relocation ranks third on a list of the most stressful life events? With only divorce and death rated as more stressful, it's no wonder that so many people dread moving. Thankfully, there's no need for you to worry any longer. To help make your total real estate experience-from buying and selling to moving-the best it can be, choose our experienced REALTORS® to effortlessly guide you through the entire process. For more than 23 years in the Greater Phoenix Area, we have helped many people just like you successfully make their new home dreams come true. Having lived and conducted real estate in the Valley, we have seen nearly every transaction, and continued to make every closing smooth, efficient, and stress free. With our attention to detail and specialized knowledge of the Greater Phoenix real estate market, you can rest assured that we will provide you with a wonderful real estate experience every time!
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