Comments on: Home Buyer’s Closing Table Checklist

By: Understanding Your Role At Closing « A Generous People

Understanding Your Role At Closing « A Generous People — Tue, 25 Sep 2007 15:08:22 +0000

[...] I recently commented on a post by Lee Mason at Edgewood Blog. The post was a detailed look at what buyers should be doing when they get to the closing table. Sticking your head in the sand, not asking questions, or blindly trusting your lender or escrow [...]

By: Lee Mason, The Masters Realty Group LLC

Lee Mason, The Masters Realty Group LLC — Tue, 25 Sep 2007 01:47:07 +0000

Oh Rhonda, you’re so right about getting the questions answered up front.

But as you know in this imperfect world…

As I write this I’m still waiting on loan docs from the largest bank in the US (I represent the seller). Last week the loan originator said no problems, we’ll easily close on time.

Now the originator can’t tell me when docs will arrive (closing is scheduled for tomorrow and the lender will need to review docs). The selling agent is still waiting for escrow to call and straighten out the problem. (She wouldn’t even put up a sold sign.) Unbelievable.

On the other hand, I have to congratulate you. Documents for the transaction you’re working on with one of my clients arrived last week, signing is completed, and closing is scheduled for later this week.

It’s so nice (and refreshing) to work with a pro like yourself.

By: Rhonda Porter CMPS

Rhonda Porter CMPS — Tue, 25 Sep 2007 01:06:03 +0000

Ditto Jason’s comments. This is a very complete list that consumers should use for their signing appointment.

As someone who was in the escrow/title biz prior to lending, consumers should hopefully get questions about their financing answered BEFORE they get to their signing appointment. Although the signer can explain the Note, the Loan Originator should make sure that the buyer understands the terms and mortgage program.

By: Lee Mason, The Masters Realty Group LLC

Lee Mason, The Masters Realty Group LLC — Mon, 24 Sep 2007 15:15:48 +0000

Thanks Jason.

It’s what I use if my buyer wants me to attend signing of their closing documents.

By: Jason Mook

Jason Mook — Mon, 24 Sep 2007 15:04:13 +0000

This is a great post for consumers Lee. If buyers did half this list when at the signing table, they’d be more informed and better educated about their purchase than they could imagine.