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Checklist for a Successful Closing Day

Sat, Feb 02, 2013 at 9:50AM

Whether you are purchasing a home or selling a house, knowing what to expect and being prepared at the “closing” can help eliminate stress and result in a pleasant experience. We understand how important this transaction is to you, and we are committed to consistently providing a superior level of service that prepares you for this final step in your real estate transaction.

Here are some common items that may be required from you at closing and can help your closing go as smoothly and quickly as possible.

Valid Photo Identification

  • Two forms of identification are typically required at closing, including one of the following:
  • Valid Driver’s License or non-driver I.D. issued by any state
  • Valid Canadian or Mexican Driver’s License issued by the official agency
  • Valid United States I.D.
  • Current United States or Foreign Passport (Foreign Passport must have been stamped by U.S. Immigration and Naturalization Service)

Hazard Insurance Policy and Paid Receipt

  • A hazard policy, also known as homeowner’s insurance, with the lender designated as the insured holder of the mortgage, is required on most loans. Evidence of hazard insurance, including a paid receipt, must be provided prior to closing.

Wire Transfer

  • Due to the new FAR BAR contract language requiring collected funds at closing (as stipulated in the Florida Administrative Code 690-186.08), as well as the overwhelming number of fraudulent cashier's checks circulating in Florida, Southern Title will require all cash to close to be tendered in the form of a wire transfer. Our wiring instructions will be sent
with every closing transaction and are available upon request.

All Persons Who Hold Title to the Property or Who Will Be Purchasing the Property Must Attend Closing to Sign Documents

  • Florida law requires the spouse’s signature on the mortgage and deed on homestead property even if he or she is not in title. If any parties to the transaction are not able to attend closing, please contact our office in advance to arrange for a Power of Attorney or Mailaway Closing.

We are committed to orchestrating a professional and stress-free closing. Our knowledgeable professionals welcome your title and closing questions any time. Call us today at (866) 297-5535.

Whether you are purchasing a home or selling a house, knowing what to expect and being prepared at the “closing” can help eliminate stress and result in a pleasant experience. We understand how important this transaction is to you, and we are committed to consistently providing a superior level of service that prepares you for this final step in your real estate transaction.

Here are some common items that may be required from you at closing and can help your closing go as smoothly and quickly as possible.

Valid Photo Identification

  • Two forms of identification are typically required at closing, including one of the following:
  • Valid Driver’s License or non-driver I.D. issued by any state
  • Valid Canadian or Mexican Driver’s License issued by the official agency
  • Valid United States I.D.
  • Current United States or Foreign Passport (Foreign Passport must have been stamped by U.S. Immigration and Naturalization Service)

Hazard Insurance Policy and Paid Receipt

  • A hazard policy, also known as homeowner’s insurance, with the lender designated as the insured holder of the mortgage, is required on most loans. Evidence of hazard insurance, including a paid receipt, must be provided prior to closing.

Wire Transfer

  • Due to the new FAR BAR contract language requiring collected funds at closing (as stipulated in the Florida Administrative Code 690-186.08), as well as the overwhelming number of fraudulent cashier's checks circulating in Florida, Southern Title will require all cash to close to be tendered in the form of a wire transfer. Our wiring instructions will be sent
with every closing transaction and are available upon request.

All Persons Who Hold Title to the Property or Who Will Be Purchasing the Property Must Attend Closing to Sign Documents

  • Florida law requires the spouse’s signature on the mortgage and deed on homestead property even if he or she is not in title. If any parties to the transaction are not able to attend closing, please contact our office in advance to arrange for a Power of Attorney or Mailaway Closing.

We are committed to orchestrating a professional and stress-free closing. Our knowledgeable professionals welcome your title and closing questions any time. Call us today at (866) 297-5535.


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