The key to a smooth closing “trip” is a fast start. Here are some tips to help you get out of the gates fast and cruise to victory.
Provide the Closing Attorney and the Lender a complete and legible sales contract. Be sure that your contract includes a complete legal description (i.e., more than an address and tax parcel i.d. number) and a clear copy of all special stipulations. *Remember to timely provide any contract amendments as they are added.
Pre-closing Information Forms for the Buyers and Sellers – Be sure that your client fully completes and returns these forms to the closing attorney as quickly as possible. These forms request the following information:
- Contact information for the buyer/seller – Cell phones and Email addresses are great!
- Forwarding address for the seller
- The loan numbers and contact information for the seller’s lenders
- Seller SS# (the law firm cannot order payoffs on the loans or liens without this information)
- Status of parties information (i.e., is an estate involved?; are the parties going through a divorce proceeding?).
- HOA/Condominium Association Information
Lender Title Order – If you represent the buyer, follow up and make sure that the lender has sent a title order to the closing attorney.
Special Requests – Please inquire with your client and immediately alert the closing attorney if your client needs help with any of the following:
- Power of Attorney
- Early signing
- Scheduling issues
- Wiring instructions
- Ordering a Survey
Termite Letter – If a termite letter is required by the contract or lender, please remember to order early and send to the closing attorney prior to closing.
Thank you to McManamy McLeod Heller LLC for this info!
