estate agents (yours and seller’s), a lender’s representative, a title company’s representative, a closing agent, and a public notary. The exact number and function depend on the state and county. In some states, it’s as few as the buyer(s) and the closing agent, with all documents pre-executed by the other parties.
The purpose of the meeting is to sign the following documents:
Closing Disclosure (CD). e (CD).This document contains your final payments, costs, and charges upon agreed terms and periods. You’re supposed to receive it three business days before the closing date and compare it with the conditions of the initial loan estimate. Mortgage note. In signing this document, you agree to your mortgage terms and conditions and penalties in case you cannot pay duly and on time. Deed of trust or mortgage. In real estate, a trust deed is a deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan (debt) between a borrower and lender. The equitable title remains with the borrower. Certificate of Occupancy (for new houses only). The Certificate of Occupancy provides authorization from the local government for a building to be used as a public edifice or a private residence. The certificate's purpose is to verify that the building is in full compliance with current building codes and is safe for occupancy. This type of certificate is issued whenever a new building is constructed within the city limits of the local government. Inspections ensure the basic construction, wiring, plumbing, and other building elements are up to code and can be certified as safe for occupation. Such a document is needed to move into a house. If your home-buying team is competent enough, you won’t see those documents for the first time at the closing. Don’t sign anything unclear to you, different from what you agreed to, or seems wrong. Ensure you understand what you’re signing and
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