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A: Why use a Connecticut Mortgage Broker?
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6. Presenting Your Offer >>
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If the buyer discovers problems, he or she can insist on delaying the closing until the problem is remedied, or go ahead and close with a credit from the seller to remedy the problem.
Some of the remaining paperwork that you will be asked to sign before the closing includes:
final escrow instructions
settlement sheet of disbursements or settlement statement
copy of the preliminary title report
deed of trust and other lender forms
copies of inspection reports
tax statements
rental agreement if the seller will continue to live in the home after closing
The deal will close when the seller is paid for the home, a new deed is recorded in the buyer's name, and other monies that are due the seller and others are paid. On rare occasions, money may be requested to be held in escrow after the closing to pay any contractors or other vendors for unfinished work.
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