closing documents Archives - Naples Title Company | Marco Island Title Company

What do I get at closing?

For most real estate loans, you will receive a HUD-1 (if it is a cash transaction) also known as a settlement statement …

or, if you are borrowing money, a Closing Disclosure will be provided to you at least 3 business days before loan consummation – Consumation of closing includes signing and funding the purchase, which frequently happens at the closing meeting.

At the meeting itself you should also receive:

1.) a copy of your Mortgage Note – your obligation to repay-

2.) your Mortgage or Deed of Trust

3.) copies of other documents signed by you, and by the other party, as is appropriate

4.) and you will get the keys to your new home.

What Do I Get At Closing?

You asked, “What do I get at closing?” … but the real question is “what will you not get at closing if you use another title company which does not have the reputation for integrity and professionalism that we do?”

Will you get a caring, friendly, and thorough closing experience which explains every step in your transactions? will you get value pricing, and professional title agents, attorneys, and closers with years of experience?

Indeed, when it comes to choosing a title company in Naples, Florida, for over four decades, real estate professionals recommend First Title & Abstract, Inc.

Let us show you why our commitment to putting you FIRST makes all the difference when you close on real estate.

What Can I Expect To Happen On Closing Day?

On your closing day, if we’ve done our job right, you will celebrate a stress-free and memorable moment, working with your Realtor, lender, and our dedicated and friendly staff.

We will complete all the final paperwork and handle the signing of the documents required to transfer ownership.

At the closing, you will produce two forms of identification and a notary will verify your identity, and witness and notarize your signature on certain important documents.

Then, you will sign the closing documents, including the settlement state (also called a HUD or CD, depending on whether you have a loan or not.)

Although most of the documents are standardized and cannot be changed, it’s important still to check them with us for accuracy, and to be sure you understand what you’re signing.

At closing, you may also have to tender other items such as your paid homeowner’s insurance policy or a binder and receipt showing that the premium has been paid, a death certificate from a deceased seller, etc.

The closing agent will review again the monies which transfer, and all the closing costs, including mortgage fees, remainder of down payment, prepaid taxes, and so on.

Prior to closing, a walk-thru will have been conducted with your Realtor, and you will already have wired funds for closing.

The seller will provide proofs of any inspection, warranties, appliance information, keys, garage door openers, and so on.

Borrowers will review and sign the note and mortgage, and make sure the deed is prepared in the correct names and with the proper manner of holding title.

The seller will give you the title to the house in the form of a signed deed, a copy of which you’ll receive at closing, and the original of which will be mailed to you 4-6 weeks after closing, once we receive the recorded deed from the Clerk’s office.

Also, a policy of title insurance will be issued and mailed to you with your deed.

Sellers may not actually get closing proceeds the day of closing if the funding of the transaction is delayed for any reason by the buyer’s lender. For this reason, we always recommend closing before a Friday, and not at the end of the day.

The Naples Title Company that is the first choice among real estate professionals is First Title & Abstract, Inc. because we have proved for nearly forty years we are reliable, professional, friendly, and put our customers FIRST!

If you are buying or selling real estate on Marco Island or in Naples, choose the title company hundreds of thousands have come to depend upon — First Title & Abstract, Inc.