Page 12 - Homeowners Manual - San Antonio, Texas

CLOSING PROCESS CHECKLIST

This checklist summarizes important information about the closing process, including what occurs during each
stage and actions that will help facilitate a smooth transaction�

PRIOR TO CLOSING
☐ Open title request as soon as possible to avoid potential delays�
☐ Schedule a closing appointment as soon as possible, especially for a closing to occur at the end of the
month�
Date of Closing: ______________________
Time of Closing: ______________________
Closing Location: _____________________
☐ Notify clients that a copy of the Closing Disclosure (CD) will be provided by the lender, at least three
business days before closing of the loan�
☐ Inform buyer(s) that they must bring certified funds or a cashier’s check to the closing, or arrange to wire
funds to Old Republic Title®�
☐ Make married buyer(s) and/or seller(s) aware that spouses must attend the closing if the property is their
primary residence� Special arrangements must be made in advance if spouses cannot attend�
☐ Inform buyer(s) that keys will not be provided until the lender grants funding approval�
☐ Inform seller(s) that funds will not be provided until the lender grants funding approval�

ITEMS TO BRING TO CLOSING

Buyers
☐ Valid, government-issued photo identification (both spouses)�
☐ Good funds in the form of a certified check, cashier’s check or arrange to wire funds to Old Republic Title�
Sellers
☐ Valid, government-issued photo identification (both spouses)�
☐ All keys and garage door openers to the property�
☐ All repair receipts, if applicable�
☐ Lease-back check payable to buyer(s), if applicable�
☐ Wiring instructions, if applicable, including bank name, ABA number, name on the account and account
number�

Real Estate Agent
☐ Wiring instructions, if applicable, including bank name, ABA number, name on the account and account
number�

AT CLOSING
☐ The final versions of the CD and all final documentation are executed by buyer(s) and seller(s)�
☐ A certified check, cashier’s check or wired funds are provided to the escrow officer�
☐ Copies of all executed documents are provided to buyer(s) and seller(s)�

AFTER CLOSING
☐ Funding conditions are faxed to the lender�
☐ Funding approval is provided by the lender�
☐ Agent(s), buyer(s) and seller(s) are contacted to collect keys, garage door openers and funds from Old
Republic Title�
☐ Funds are distributed in accordance with the CD�

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