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A closing statement is a document that records the details of a financial transaction. A homebuyer who finances the purchase will receive a closing statement from the bank, while the home seller will receive one from the real estate agent who handled the sale.
In New Mexico, the customary practice is to hand over keys to the buyer upon RECORDING and FUNDING. Closing occurs when both parties sign. The Buyer and Seller will close separately, with separate closing appointments. For the Buyer the paperwork for the loan is signed as well as required disclosures and tax documents.
The answer is Closing Disclosure. The closing statement used for most residential closings is the Closing Disclosure prepared by the CFPB.
The steps leading up to the closing date include: Purchase agreement acceptance. Optional buyer home inspection. Loan origination. Lender home appraisal and credit underwriting. Loan Approval. Homeowner and title insurance. Closing disclosures.
Plan for the following: Cooperate with the home inspector and lender's appraiser. Contact your lender to start mortgage payoff process. Keep the house in good condition. Negotiate or repair anything the buyer's inspector finds. Notify your utility companies of a final service date. Schedule the closing for your new home.