(Closed) Closing…

posted 6 years ago in Home
Post # 3
Member
369 posts
Helper bee
  • Wedding: September 2012

We were in and out in about a half hour, it was quicker than I thought but sooo many paper to sign.

 

Congrats!!

Post # 4
Member
7311 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

Closing is the easy part. LOL You will do your final walk-through to verify that any repairs that you requested were fully made and that all of the previous owner’s stuff is out of the house. Then you’ll go to the title company’s or lawyer’s office to sign a bunch of papers. Our title company person went over everything with us. First the sellers signed all of their documents. We arrived while they were finishing up their party, and immediately got started on our part. We re-signed the original mortgage app with all of the final dollar figures, signed deed documents, tax documents, etc., got to chat with the former owners and get the skinny on all of the neighbors and querks of the house, signed over a very large bank check to the title company, and got the keys. After all of the build-up, closing was a cinch. 45 minutes start-to-finish.

Post # 5
Hostess
18643 posts
Honey Beekeeper
  • Wedding: June 2009

Ours took a while but the underwriters were stupid and wanted us to write a check from an account that didn’t have money and we couldn’t access easily.  Normally the signing only takes about an hour.  Everything in is triplicate though!

You will need to have a certified check for the closing but if there is a bank nearby, you might want to wait until you know the final number for sure.  On our first, we got the check beforehand and had to write a personal check for a few hundred dollars because the estimate was low.  This time I waited to get the check until we had the numbers from the lawyer.

Post # 7
Member
7311 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

@hiroshymatetrastar:  It may vary by state, but here in MD we also needed a certified bank check for the downpayment and closing costs. The day before closing we got the figure from our loan officer, and went to the bank to get a check for that amount. If something had changed between that day and closing, we would have been able to write a personal check to make up the difference.

We also had to bring our government issued IDs and a copy of our home owner’s insurance policy with proof of payment for 1 year.

Post # 9
Member
2815 posts
Sugar bee
  • Wedding: March 2012

We didn’t have to have a certified check since our part of the closing cost was so low.  They should definitely give you a settlement sheet before you close though.  We got our’s Wednesday and we closed yesterday.  Our closing took about an hour.  Everyone is right though, it’s a lot of signing and initialing.  

Post # 11
Member
2815 posts
Sugar bee
  • Wedding: March 2012

@hiroshymatetrastar:  Are you going on the deed?  You’ll still have a few things to sign.  DH is the only one on the mortgage here as well, but I had to sign about 5 things and initial about 10 pages.  

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