The Real Estate Closing Process
|
|
Step 1
Title work is ordered. This is a process which updates the documents relative to real estate property ownership.
|
Step 2
After title work is completed, closing documents are prepared.
|
Step 3
The loan package is assembled by the lender and sent to the title company.
|
Step 4
The buyer and seller of the real estate property sign documents at the closing.
|
Step 5
Money is disbursed at the closing. Existing mortgages are paid off, etc. Seller receives the proceeds check.
|
Step 6
The signed documents are sent to the appropriate county offices to be recorded.
|
