SELLER’S CHECKLIST FOR CLOSING

1. A copy of your Title Insurance Policy, if any.
2. A copy of an existing Survey for the property, if you have one.

1. Copies of Tax Receipts for the property from all taxing authorities (municipality, school district and county) for the past 3 years.
   
   The Settlement Company will order a Certification if you do not have Tax Receipts available.  Please note: If you want to provide the copies of the Tax Receipts, you must provide them within 24 hours of the time you order them. It may be best to provide copies of the Tax Receipts to the Buyer, so they can be sent to the Settlement Company along with the initial order for the Title Insurance and the closing.

2. The following information regarding your current mortgage or any other liens on your property that you are aware of.  You can find this information on your monthly mortgage statement or home equity statement.  The Title Insurance Company will contact you for this information prior to closing.
    

First Mortgage:

Mortgage Company Name ______

Account Number:

Phone Number for Mortgage Company

Social Security Number of Seller:

Second Mortgage:

Mortgage Company Name ______

Account Number:

Phone Number for Mortgage Company

Social Security Number of Seller:

Some Lenders may require the Settlement Company to obtain written permission from the Seller to obtain any information about your existing mortgage account or other liens. If this is the case, you can provide the Settlement Company with a letter similar to the following:

I/we, ___SELLER(s) NAME(s) , hereby authorize {NAME OF SETTLEMENT COMPANY} to request payoff information on our account number ________________.

____________________________
Seller Name

____________________________
Seller Name

Note: The payoff amount that is provided to you by your existing mortgage holder will be different than the amount shown as the current outstanding principal balance on your monthly statement. Most Lenders will include a satisfaction fee and any interest that has accrued on your account since the last payment to the outstanding principal balance, which accounts for the difference in the amounts.

Please CONTACT THE SETTLEMENT COMPANY BEFORE SENDING IN ANY ADDITIONAL PAYMENTS on any items to be pro-rated or paid off at closing. If you send a payment in to a creditor, the payoff statements received by the Settlement Company will be incorrect and if the payment cannot be verified by the Lender, you may be required to wait for a refund from the creditor after it receives the payoff check from the Settlement Company.

3. Original of the Power of Attorney, if any.
4. Original of the Settlement Authorization, if any.
5. Receipts for any work on the property required to be completed prior to closing. If you want these items to be paid from the sale proceeds, you should provide the Settlement Company with the invoices at least 2 days prior to closing.

2. TO THE CLOSING:

1. Photo Identification.
2. Keys and garage door openers.
3. Warranty information on any of the appliances or other items being sold.
4. Original Pest Inspection.
5. The new Deed.
6. The original Settlement Authorization, if any.
7. The original Power of Attorney, if any.
8. Receipts for work required being completed prior to closing, if any.

3. WHAT THE SELLER WILL BE ASKED TO SIGN AT THE CLOSING:

1. The original Deed.
2. A Correction of Errors Statement.
3. A 1099 Certification.
4. An authorization to close a line of credit, if applicable.
5. The original Pest Inspection.
6. An Owner's Affidavit.    
    

Disclaimer
Every effort has been made to provide accurate and complete information. However, with the varied requirements of title insurers and lenders, we cannot make any assurances that this information will be applicable for all real estate transactions. The information provided is applicable to Southwestern Pennsylvania closings only. The information contained herein is for reference only and should not be construed as providing any legal advise. If you need legal counsel please feel free to contact us at 412-566-1212.

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