Learn About the Closing Process
At Atlantic Coast Title, our goal is to make your closing a pleasant and stress-free experience. The information in this section serves as a guide to help outline the process, and we are always available to answer your questions and lend a hand, before and after your closing.
Before Scheduling your Closing with Atlantic Coast Title…
Closing is the final step in what can often be a long and stressful process of purchasing a home or property. Before the paperwork is signed and the keys become yours, it is necessary to have the following items to ensure your process goes as smoothly as possible:
- A title search conducted by Atlantic Coast Title Company or the title company selected by the purchasers
- Copy of an executed Purchase & Sale Agreement Payoff amounts of all liens attached to the property Homeowners insurance binder with annual premium amount either paid in advance or to be paid at closing.
- Real estate tax information
- Clear to close from the lender
I’ve completed my list. What’s next?
If the transaction is financed by a lender, the lender will provide Atlantic Coast Title with the terms, conditions, and fees for the closing. We will then work up a Settlement Statement and await approval by the lender. Once approved, we will contact the borrower with the amount needed for closing.
Closing Day
Today you become the owner of your new property. Congratulations!
During your closing, you can expect to sign many documents, including a Settlement Statement, Truth-In-Lending Disclosure, Note, and Mortgage. That in mind, please plan accordingly as your closing may take some time.
When you arrive for your closing, please bring:
- Cashier’s or bank check payable to Atlantic Coast Title Company for the settlement costs
- Unexpired picture identification such as a driver’s license or passport
- Any outstanding conditions required by the lender
The sellers will then sign a deed conveying the property to you, and both the deed and mortgage will be recorded at the appropriate Registry of Deeds after closing. Any miscellaneous matters such as oil prorations, handing out keys, etc., will be done once all documents are signed.
