Posts from December 10th, 2020
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 2 Posts
- 2025 | 5 Posts
- 2024 | 2 Posts
- 2023 | 7 Posts
- 2022 | 10 Posts
- 2021 | 14 Posts
- 2020 | 13 Posts
- 2019 | 5 Posts
- 2018 | 11 Posts
10
Closing Time
Closing Time
In real estate, the closing is the grand finale of a transaction. Most closings run smoothly. Unfortunately, some closings do not. The following paragraphs contain information that will enable you to have a smooth closing whether buying or selling a property.
If the real estate purchase involves a loan, the lender must send the borrower the closing disclosure at least three days before closing. This is required by law. The closing disclosure is a from that discloses loan terms, fees, closing costs, the buyer's projected monthly payments, etc. It is essential that a buyer receives this form three days before closing to close on time. If the lender asks the borrower for documents to complete their loan approval, time is of the essence for the borrower to send these documents to prevent a delay in closing.