Agenda - Council - 12/10/2013 - Laserfiche WebLink

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Closing on Your Home: Full Service to the Last Detail Before Closing Agent • Delivers contract copies to all parties and makes them • Collects and forwards earnest money • Coordinates home inspection • Follows up on all offer contingencies • Assembles and forwards closing file • Conducts final walk-through Buyer • Obtains a pre -approved mortgage (strongly recommended); provides bank statements, W,25 and paystubs to lender • Obtains hazard insurance ▪ Obtains certified funds for closing • Conducts walk-through inspection of property with agent • Accesses documents via HomeDocs" Closing Service • Orders payoff statement for existing mortgage and liens • Reviews title commitment for errors and problems ■ Works with seller to resolve any title problems • Coordinates closing date and notifies all parties • Prepares closing documents and settlement statement • Sends copies of appropriate documents to all parties and makes them available via HomeDocs` Mortgage Lender • Completes loan application; verifies ernploymerit,credit and furtds to close; tile is analyzed a ndunderwriting decision is given; funds for appraisal and credit report are collected • Orders appraisal and title work • Re -verifies funds needed to dose • Sends closing documents and loan proceeds check to lender's closing agent Title Service • Orders title research package • Examines title • Prepares title commitment and forwards to all parties • Conducts final tract search Seller • Satisfies contingencies • Resolves any title problems • Accesses documents via HcrrteDocs' ''dt i;h signed E loin e' addendum. Title and morvaca dccumente arao awa labia when Ede Reeky Title and Edina Realty Margage are wed. The edge you need. Edina Realty 560 a Beck I,ire Hal noway a Vials