Closing Check List
Once we have been given the approval from lender someone from Androscoggin Title Company will be in contact with you helping to guide you through the final steps. Closings will be scheduled for a time and place accomodating all parties involved.
The day prior to closing, the Lender will provide us with final instructions for schedules of fees paid and due. We will then prepare a Settlement Statement, commonly known as the HUD. We will review the Settlement Statement and notify you of what you should bring to the closing, including:
- Valid unexpired driver's license (please contact your processor prior to closing if this presents an issue)
- A bank check payable to Androscoggin Title Company, in the total amount needed for your closing (please advise your processor if you wish to wire the settlement proceeds)
- Any remaining Lender conditions and/or documents
On closing day, you will be asked to sign documents such as the HUD, Mortgage, Note, and other lender and closing documents. The seller will be required to sign the Deed and additional closing documents.
Once your closing is complete, Adroscoggin Title Company will record the Deed and Mortgage at the appropriate registry; disburse payments collected on the HUD, ie taxes, insurance, etc., and prepare the policies of title insurance the Buyer and Lender have selected.
We also can be reached via regular mail or phone.