Items that will be needed at closing
Cashier’s Check or Wire Transfer
There are several acceptable forms of identification which may be used during the escrow process. These include:
- A Current Driver’s License
- Department of Motor Vehicles Identification Card
One of these forms of identification must be presented at the signing of escrow in order for your signature to be notarized.
Mortgage Lenders Requirements
Make sure you have satisfied your lenders requirements before coming to the title company to sign paperwork.
Fire & Hazard Insurance
When you are buying a single-family, detached home (and in some cases a townhome), be sure to order your insurance before the loan has been approved. Next, call your escrow officer with the insurance agent’s name and number so that they can make sure the policy complies with your lenders requirements. You must have insurance in place before the lender can send funds to the title company. If you do not have an insurance agent, your real estate agent can offer some suggestions.
Vesting for Property Title
Decide how you would like to hold title to your new home. You may wish to consult a lawyer, accountant, or other qualified professional before making this decision.