• 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, as well as penalties, in case you’re not able to pay duly and on time. • Deed of trust or mortgage. In real estate, a deed of trust or 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. The Certificate of Occupancy provides authorization from the local government for a building to be used as a public use or as a private residence. The purpose of the certificate is to provide verification that the building is in full compliance with current building codes and is safe for occupancy. Inspections are conducted to ensure the basic construction, wiring, plumbing, and other elements of the building are up to code, and can be certified as being safe for occupation. Don’t sign anything that’s unclear to you, different from what you agreed to, or seems wrong.
AFTER YOU SIGN THE P GN THE PAPERS
After signing all documents and the transaction is recorded and closed, congratulations are in order, you will receive the keys and start moving into your new house. Now you’re a legitimate
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