You will need to complete and submit the online Closing Information Form (link to the form is on this page) - the sooner the better. Be sure to include the correct legal spelling of the names of all borrowers’ and buyers’ of the property, including middle initials. Misspellings or variations on the closing documents may delay the closing.
All buyers, borrowers and their spouses must attend the closing (non-owner spouses are not required to attend purchases or refinances of investment property or second homes or purchases - but even if a spouse is not a borrower, if on title he or she must always attend closing).
All funds that you need to pay at closing must be in the form of a certified bank, treasurer’s or cashier’s check or in the form of a bank wire (wires must be received prior to closing). If you would like to pay by wire, please contact us in advance for our wiring instructions. Once we receive the closing package from your lender, we will be able to provide you with the total amount of funds that you will need for closing. Please have your certified check made payable to you. We will advise you how to endorse the check to our client trust account at the closing.
All borrowers and owners must bring two (2) forms of identification to closing. One of the forms must be either a current driver’s license passport, resident alien card or a U.S. military identification card. The second form can usually be any one of the following:
Although the lender will require that you purchase a lender’s policy of title insurance, such a policy will not provide coverage to you as an owner of the property. So long as purchased simultaneous with the purchase of a lender’s policy, an owner’s title insurance policy may be purchased at closing at a substantial discount. It is strongly recommended that you purchase an owner’s title insurance policy. CLICK HERE for more information concerning title insurance. Unless otherwise notified prior to closing, we will include the cost of an owner’s title insurance policy as part of your closing costs.
You will need to arrange to obtain a Homeowner's Insurance Binder and receipt evidencing full payment of the first year's premium. The insurance binder must provide for 100% replacement coverage and must include name and address of the Lender, its successors and assigns as their interest may appear, on the binder as co‑insured. We will need to know the annual premium amount as soon as possible, but in no event less than 5 days prior to closing. If you have not yet obtained insurance, please contact us for a referral.