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- BORROWER & SELLER FUNDS (AND ANY GIFT FUNDS OR FUNDS FROM ANY OTHER SOURCE THAT MAY BE USED BY THE BORROWER INCLUDING CLOSING PROCEEDS FROM ANOTHER LAW FIRM) MUST BE BY WIRE TRANSFER ONLY.
- Picture Identification – Some form of picture ID will be required – Drivers license or Passport is acceptable. If neither of these is available, get prior ok from attorney.
- Original Hazard Insurance Policy, usually in an amount not less than the loan amount. Must have proper Mortgagee clause and be dated on or before the closing date.
- If executing Borrower documents by Power of Attorney, the original must be brought to closing (it must be recorded along with the Deed to Secure Debt). The form of Power of Attorney must be approved prior to closing by the attorney and the lender.
- Any closing conditions required by the lender, such as original tax returns, closing statement from sale of previous home, pay stubs or gift letters.
- Original Termite Letter (typically Seller brings, but lender will require) and if applicable septic and well water inspections (which may also be brought by the Seller).
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