This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
Closing Property Title Forward In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00447BG
Format:
Word
Instant download
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FAQ
Once the closing ends, the title company records the deed and mortgage. This is the step that makes the sale public record to serve as evidence of the property's ownership.
Understanding the Role of a Closing Agent This professional ensures that all aspects of the transaction are conducted smoothly and ing to legal regulations. From preparing documents to facilitating the transfer of funds, the closing agent is there to guide both the buyer and seller toward a successful conclusion.
We recommend seeing a licensed attorney in the Commonwealth familiar with recordation/land records to prepare the deed so that it is prepared properly as it is a legal document transferring property. All deeds have to meet all standards within the Code of Virginia and the Library of Virginia Recordation Standards.
Which states require attorneys for real estate closings? Here's a list of Attorney Only States: Alabama, Delaware, Georgia, Massachusetts, New York, North Carolina, South Carolina, Virginia, West Virginia.