 Proof
of Insurance
The lender requires
that you obtain homeowners insurance as a condition
of loan approval. Contact the insurance agent
of your choice to obtain coverage. Please have
your agent fax us a copy of the insurance binder.
This information is essential for us to prepare
the final closing figures.
Cashier’s
Check
Payment in the form
of a cashier’s check is required for
additional down payment or closing costs in
excess of $100. Please make the check payable
to yourself.
Identification
At closing, you will be asked
for a copy of your Driver’s License, or some
other form of valid government issued identification
that includes your picture and signature. (Required
under the Patriot Act)
Contractual
Obligations
The sales contract should
contain all agreements between the Buyer and
Seller and must be signed. Any changes must
be initialed by both parties. Trend Title will
conduct your closing according to the terms
and conditions specified in your sales contract.
If you have any questions regarding the terms
of your contract, please consult with your
real estate agent or attorney prior to closing.
Power
of Attorney
If you or anyone that
is a part of your transaction will not be available
to attend the closing, you must notify your
lender and Trend Title as soon as possible. The
absent person will need to appoint a replacement
and execute a “Specific Power of Attorney.” Common
appointees are spouses, relatives, your real
estate agent, or an attorney.
Divorce,
Bankruptcy, or Other Court Proceedings
If you or anyone that
is part of your transaction is in the process
of bankruptcy, divorce or any other court proceedings,
you must notify you lender and Trend Title as
soon as possible. These issues could take time
to resolve and need to be handled prior to
closing.
Sellers Closing Checklist
Sellers will need to provide
Trend Title with the following items at or prior to the
closing:
Mortgage
Payoff Information
You will be required
to payoff any and all existing liens against
the property. You will need to provide Trend Title
with the names, account numbers, and phone
numbers of all current mortgage holders. It
is necessary to supply this information as
soon as possible, as it can take several business
days or longer to obtain payoff amounts. At
times, you may be required to provide written
authorization for the payoff. We will contact
you if this is necessary.
Condominium
Associations (If Applicable)
If you are selling a
townhome or condominium, we will ask you to
provide the contact information for the management
company that operates the association.
Cashier’s
Check
Payment in the form
of a cashier’s check is required for
additional down payment or closing costs in
excess of $100. Please make the check payable
to yourself.
Identification
At closing, you will be asked for a copy of your Driver’s License, or
some other form of valid government issued identification that includes your
picture and signature. (Required under the Patriot Act)
Contractual
Obligations
The sales contract should
contain all agreements between the Buyer and
Seller and must be signed. Any changes must
be initialed by both parties. Trend Title will
conduct your closing according to the terms
and conditions specified in your sales contract.
If you have any questions regarding the terms
of your contract, please consult with your
real estate agent or attorney prior to closing.
Power
of Attorney
If you or anyone that
is a part of your transaction will not be available
to attend the closing, you must notify your
lender and Trend Title as soon as possible. The
absent person will need to appoint a replacement
and execute a “Specific Power of Attorney.” Common
appointees are spouses, relatives, your real
estate agent, or an attorney.
Divorce,
Bankruptcy, or Other Court Proceedings
If you or anyone that
is part of your transaction is in the process
of bankruptcy, divorce or any other court proceedings,
you must notify you lender and Trend Title as
soon as possible. These issues could take time
to resolve and need to be handled prior to
closing.
One
to Buy – Two to Sell
If you are the sole
owner of the subject property but are married,
your spouse will be required to sign the Warranty
Deed. This will convey any rights they may
have in the property. Your spouse will also
need to provide a copy of their Driver’s
License, or some other form of valid government
issued identification which includes their
picture and signature.
Estate
Sales
If any of the property
owners are deceased, a Will and/or a Certified
Copy of the Death Certificate will be required.
If there is not a Will, an Affidavit of Heirship
will be required to attest that the named sellers
are the only heirs of the deceased. If any
of the property owners are minors, court approval
will be necessary. These issues could take
time to resolve and need to be handled prior
to closing.
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