Basically, you’ll sit at the closing table with your realtor, the seller and his/her realtor and a closing attorney. The attorney will have several documents for you and the seller to sign. While he/she will give you a basic explanation of each document, you may read each one and consult your attorney to make sure you understand exactly what you are signing. Before you go to closing, your lender is required to disclose and explain the closing costs including a “good-faith estimate” of how much cash you’ll have to supply at closing and a list of documents that you will need.
Posted in: The Home Buying Process