Most Frequently Asked Questions:

How much money should I bring to settlement?
When you made you load application, the lender provided you with a good fait estimate showing you your closing cost. You can use this amount when getting a 'certified' check. The actual amount will not be known until the day of settlement. The amount changes depending on what day of the month you settle.

Can I bring a personal check for my closing cost?

The attorney requires a certified check or certified funds for you closing cost. You can use the estimate you were provided by your lender. If you are a little short, you can then write a personal check. If you brought too much, the attorney will cut you a check for the difference.

When will I, the seller, receive the proceeds from the sale of my property?

Most attorneys will provide you with a check directly after settlement.

What is a survey?

Other then a condominium, the lender requires a 'location drawing´. This shows the property lot lines, and the location of any improvements located on the property. There are two types of surveys. The less expensive one is a drawing of the location of the home within the property lines. The ?boundary´ survey is more expensive and will result in having stakes placed in the corners of the property showing exactly where the property lines are located.