The Real Estate Settlement Procedures Act (RESPA) statement. This form, sometimes called a HUD 1 statement, itemizes all the costs associated with the closing. Youll need this for income tax purposes and when you sell the home.
The Truth in Lending Statement summarizes the terms of your mortgage loan.
The mortgage and the note (two pieces of paper) spell out the legal terms of your mortgage obligation and the agreed-upon repayment terms.
The deed transfers ownership of the property to you.
Affidavits swearing to various statements by either party. For example, the sellers will often sign an affidavit stating that they have not incurred any liens on the property.
Riders are amendments to the sales contract that affect your rights. For example, if you buy a condominium, you may have a rider outline the condo associations rules and restrictions.
Insurance policies provide a record and proof of your coverage.
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Meet Bob De Young
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Phone: (719) 660-1116 |
Bob is a military veteran and seasoned professional in the real estate arena. For over 18 years he's been coaching clients to find the "home of their dreams" and "keeper of their memories." Serving his clients to the best of his ability, he has a highly skilled reputation for integrity and fiercely negotiating on behalf of his customers and clients.
