Be Prepared for Closing

The process of closing on a home is an arduous journey. When the time comes, the last thing anyone wants to be is unprepared. But what do you need to bring with you? Today, Cambridge Title Company runs down the basics.

Please keep in mind that if you're in the role of the "buyer", your checklist will differentiate from that of the seller. For starters, a home buyer should bring the following items to a home closing.

• Buyer's copy of purchase agreement
• Cashier's check(s) to make all payments
• Proof of insurance for fire, casualty, etc.
• Invoices for any unpaid taxes, utilities or assessments
• Photo identification, including a passport, driver's license, and/or state-issued identification card

Meanwhile, as the home seller, some items will be similar to those on the home buyer's checklist. Similarities include:

• Seller's copy of purchase agreement
• Invoices for any unpaid taxes, utilities, assessments, and latest utilities meter readings
• Photo identification, including a passport, driver's license, and/or state-issued identification card

However, as the home seller, you will also need to bring these additional items:

• Receipts for last payment of interest on mortgages
• Bill of Sale of personal property covered by the purchase agreement
• Any unrecorded instruments that affect the title
• Proof of satisfaction of any mechanics' liens, chattel mortgages, judgments, or mortgages that were paid prior to the closing

For more information on title insurance and escrow services, contact Cambridge Title Company by phone at 224-330-1886 or by email at info@cambridgetitleco.com.