This infographic titled ‘Four documents required for a Title Closing’ provides us with an overview of documents required during the closing process.
Title refers to the ownership of the property, meaning that you have the rights to use that property wholly. Title also means that you can transfer that interest or portion that you possess to others. During the settlement process, the closing agent thoroughly reviews the new lender’s instructions and requirements, reviews book of instructions from other parties to the real estate transaction, reviews loan documents, assembles prospective charges, prepares closing statements, and calls for the closing procedure. Closing documents often include a description of the property duly signed by both parties. Deeds are the most important papers in your closing package because they contain the statement that the seller transfers all stakes in the property to the buyer.
For more information, please refer to the infographic below.
