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Warrenton (540) 341-1000 |
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Manassas (703) 656-4560 |
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10 Point Closing Check List:
1) Fax or e-mail legible sales contract with
addendum to
EnTitle Settlement & Insurance Services.
2) Complete EnTitle Settlement Service's "SSIS" form.
3) Advise EnTitle if seller(s) are out of the area and will require documents to be
overnight-ed prior to closing.
4) If either buyer(s) or seller(s) will be using power of attorney, advise both Lender and
EnTitle Settlement & Insurance Services at least ten (10) business days prior to closing, if
applicable
5) If applicable, fax clear Termite Inspection Report w/ Invoice to Lender and
EnTitle Settlement & Insurance Services.
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Remember: If the report reveals infestation, lender will require proof of satisfactory treatment. If the report reveals damage, lender will require repairs by a licensed contractor and letter from licensed contractor that necessary repairs have been made and the property is "structurally sound". |
6) Fax any unpaid invoices (e.g., plumbing repair, window repair, etc.) with name of contractor and addresses to
EnTitle Settlement & Insurance Services for inclusion on HUD-I and subsequent remittance to contractors.
7) If applicable, provide Homeowner's Warranty application to EnTitle
Settlement & Insurance Services for inclusion on HUD-1.
8) Advise EnTitle Settlement & Insurance Services of any commission reductions/increases and/or documentation/administrative fees to be collected. Remember: Commissions will be reflected as six percent (6%) total (split 50/50 between selling and listing agent) unless written in sales contract or otherwise advised.
9) In the event your company is holding the buyer's earnest money deposit which exceeds the commission due, please bring the overage check to closing payable to
EnTitle Settlement & Insurance Services.
