Comments on: Reviewing Closing Documents… again http://edgewoodblog.com/2008/06/09/reviewing-closing-documents-again/ Musings, Resources, and Other Ramblings about real estate and home sales from the Real Estate Broker in Edgewood, Washington Thu, 17 Mar 2011 17:17:11 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Rhonda Porter, The Mortgage Porter http://edgewoodblog.com/2008/06/09/reviewing-closing-documents-again/comment-page-1/#comment-411 Rhonda Porter, The Mortgage Porter Thu, 10 Jul 2008 16:58:20 +0000 http://edgewoodblog.com/?p=173#comment-411 If a borrower wants to spend more than an hour to read an inch thick stack of documents, I do highly recommend that they advise the Loan Originator and Escrow Officer. Unless it's a real short closing, there should be enough time for the lender to provide escrow with the loan documents in a timely manner to accomodate the buyer's needs. At the very least, I encourage buyers (and sellers) to get a copy of the estimated HUD-1 Settlement Statement 2-3 days before their signing appointment so they have time to review the "estimated" final figures. If a borrower wants to spend more than an hour to read an inch thick stack of documents, I do highly recommend that they advise the Loan Originator and Escrow Officer. Unless it’s a real short closing, there should be enough time for the lender to provide escrow with the loan documents in a timely manner to accomodate the buyer’s needs.

At the very least, I encourage buyers (and sellers) to get a copy of the estimated HUD-1 Settlement Statement 2-3 days before their signing appointment so they have time to review the “estimated” final figures.

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