What to Keep From Your Closing  

  The Real Estate Settlement Procedures Act (RESPA) statement. This form, sometimes called a HUD 1 statement, itemizes all the costs associated with the closing. You'll need this for income tax purposes and when you sell the home.         
  • The Truth in Lending Statement summarizes the terms of your mortgage loan.

  •   The mortgage and the note (two pieces of paper) spell out the legal terms of your mortgage obligation and the agreed-upon repayment terms.

  •   The deed transfers ownership of the property to you.

  • Affidavits swearing to various statements by either party. For example, the sellers will often sign an affidavit stating that they have not incurred any liens on the property.

  • Riders are amendments to the sales contract that affect your rights. For example, if you buy a condominium, you may have a rider outline the condo association's rules and restrictions.

  • Insurance policies provide a record and proof of your coverage.
 

      If you're interested in starting the home buying process, or simply have questions, please call or e-mail. Add any special requests you have in the comments section.

 

 

   

ADVANTAGE JANES REALTY cooperates fully with all other real estate companies.  As experienced Real Estate professionals, we will provide the dedication, honesty, and outstanding service that each client deserves. I look forward to working with you.

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MLS