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The closing takes place once all the contract contingencies have been satisfied and the lender has issued you a formal commitment for financing. The closing attorney will research the property you are buying and render a title opinion that is a legal overview based on research at municipal offices. Any easements, deed restrictions, liens, or title "defects" are included in this title opinion. And, if there are defects that would prevent the transfer from happening, the closing attorney notifies the Seller, or the Seller's attorney, who assumes the responsibility of fixing the problems.

Prior to the actual closing, you will need to; contact utilities to arrange for future billings to be sent to you, purchase a fire and hazard insurance policy (Homeowner's Policy), discuss title insurance options with your attorney, and make sure you have the necessary funds needed to close in the form of a certified check. Once again, I will be there to help you accomplish all of these tasks. And, I will accompany you at the pre-closing walk-through - usually the day before, or the day of, the closing. This important last minute detail ensures that the property is in substantially the same condition as when you contracted to purchase it, and that any agreed upon repairs have been completed.

The actual closing takes place at the bank, a mortgage company, or closing attorney's office. Your attorney will attend the closing and explain in some detail all of the documents you will be signing. And, once all the papers are signed, you are the new owner!

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