Monday, May 23, 2011

What a Buyer needs to know about their Signing Appointment

It is a happy day when a buyer gets the call that all their closing documents are in order and they are asked to make an appointment to sign the documents.  Signing occurs one or two days before the scheduled closing and is determined by when the loan documents are received from the lender  Plan to be at the signing for about 45 minutes to an hour for a first mortgage and if there is a second involved, it may take up to an hour and a half.   What should you bring?  Buyers each need to bring two forms of identification and one must be a photo id  such as a driver's license or passport.  Also, buyers need to remember to bring a cashier's check written from a Washington state financial institution or have their funds wired, confirming the bank's wiring requirements well in advance of the actual closing date.  Who will be at the signing?  The escrow closing officer will explain all the documents to you and show you where to sign.  Your Realtor may or may not attend your signing. 

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