Prepare for Your Closing
Choose Your Title Company
The Purchaser has the right to choose a title company or an attorney to conduct the settlement.
Our recommended title company is:
Sandy Glieden | Closing Account Executive | 952.974.3475 | [email protected]
Timing of Settlement
A closing should be scheduled as soon as possible to insure that the most convenient time will be available. Settlement companies become very busy during the last week of each month. Request for a change in the date and time may not be possible as the settlement date approaches.
Title Search & Surveys
The settlement company will search the title and order any required surveys to make sure the title is free and clear of any encumbrances.
Obtain Homeowner’s and Hazard Insurance
Please do not leave this important task to the last minute. The Lender requires that your property is insured against damage and destruction and that you name the as the co-insured. This is referred to as hazard insurance. Homeowner’s insurance is hazard insurance plus liability and covers contents in the home. Your policy much be paid for and a binder issued prior to closing. Evidence of such must be delivered to the Lender prior to funding the loan.
Ask us for our personal recommendations for homeowner’s insurance.
Other tasks that should be handled during this time include:
- Arrange a moving company
- Contact your utility providers
- Finalize amount needed to close
- Arrange to obtain a cashier’s check two days prior to closing or to have the funds wired before closing