Everything is in place and closing day is imminent. Once the title company receives notification from the County Recorder’s office it is official: your home is sold!
You will receive a copy of your settlement statement (also referred to as the HUD statement) that details the precise distribution of funds and breakdown of all closing costs. Be sure to keep this important document (HUD Statement) for your records, as you will need it during tax time.
The title company will make arrangements to pay off any outstanding balance on your mortgage directly with your lender. The remainder of the proceeds will then be sent to you as a wire transfer, or if you prefer, you can arrange to pick up a check at the title office.
Now that your home is sold, there is only one final step to complete in this process. We hope you will share your experience working with The Dawn Thomas Team.