Once the Sellers have left, the Closing Agent from "fgh" will summarize for the Buyer all of the remaining documents to be signed. As the Buyer, all of your questions will be answered (see our FAQs). It is important that you feel completely comfortable with the process. The Buyer's check should be in the form of a certified check or bank check, made payable to the Buyer. It will be endorsed over to "fgh". The normal time allotted for the entire closing is one (1) hour. At "fgh" the Buyer will also leave the closing with a bound Closing Book, containing copies of all of the closing documents.

Buyers and Sellers tell us that they really appreciate the bound Closing Book. It serves as a permanent record of the transaction. Both Buyers and Sellers will find it useful in the preparation of their tax returns. For the Buyer it will also aid in refinancing or selling the property. We suggest it be kept with all of your other valuable papers.

Shortly after the closing the Buyer will receive from us an Owners Title Insurance Policy. We suggest that it be placed in your Closing Book. Remember, it is good forever, insuring the beneficiaries of your estate, even after you sell the property.

Sample Documents:

HUD-1 SETTLEMENT STATEMENT
Contains all adjustments, all moneys paid by or to Buyer and Seller in the acquisition or sale of the property.

PROMISSORY NOTE - 30 year fixed rate, conventional
The contract which forms the underlying basis between the Buyer and the Lender for repayment of the Loan.

MORTGAGE DEED
The security instrument, recorded in the Land Evidence Records of the City or Town, providing for foreclosure in the event of default.