Our Goal Is To Have Fans Who Rave About Our Integrity! Service! & Results!
Jon & Carolyn Ulrich
Jon & Carolyn Ulrich
Closing Documents You Should Keep
Welcome to Minnesota - Ulrich Real Estate Group - Your Source for Real Estate throughout the Twin Cities of Minneapolis and Saint Paul and surrounding suburbs of the seven county metropolitan area.
Here are Closing Documents You Should Keep...
On closing day, expect to sign a lot of documents and walk away with a big stack of papers. Here's a list of the most important documents you should file away for future reference.
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HUD-1 settlement statement. Itemizes all the costs - commissions, loan fees, points, and hazard insurance - associated with the closing. You'll need it for income tax purposes if you paid points.
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Truth in Lending statement. Summarizes the terms of your mortgage loan, including the annual percentage rate and recision period.
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Mortgage and note. Spell out the legal terms of your mortgage obligation and the agreed-upon repayment terms.
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Deed. Transfers ownership to you.
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Affidavits. Binding statements by either party. For example, the sellers will often sign an affidavit stating that they haven't incurred any liens.
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Riders. Amendments to the sales contract that affect your rights. Example: The sellers won't move out until two weeks after closing but will pay rent to the buyers during that period.
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Insurance policies. Provide a record and proof of your coverage.
If you are needing affordable red carpet service with your Real Estate needs you have come to the right place.We go the extra mile to serve you. Our goal is to have fans that rave about our integrity, service and results.