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Step 10: Closing Maryland

In order to complete your home sale, you will need to go through a closing procedure.

Local Companies

Admiral Mortgage
410-559-6491
25 S Charles St
Baltimore, MD

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717-830-2767
240 South Potomac St
Hagerstown, MD

Residential Home Loan Center
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2208 Eastern Ave
Baltimore, MD

Proficio Mortgage Ventures
303.448.2920
11219 Lockwood Dr.
Silver Spring, MD

AA Mortgage Gro
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8 W West St
Baltimore, MD

Family First Mortgage Group LLC
410-793-1192
3525 H Ellicott Mills Dr.
Ellicott City, MD

SunTrust Mortgage
410-308-6000
1966 Greenspring Dr
Timonium, MD

Allied Home Mortgage Capital Corporation
410-783-9407
516 N Charles St
Baltimore, MD

Baltimore HUD Homes
(443) 866-8699
1953 Laurel Oak Dr
Baltimore, MD

American Home Loans
410-230-0232
1 E Chase St
Baltimore, MD

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This is when all parties involved sign the required papers and the ownership of the property is transferred from the seller to the buyer.

Usually within the 24 hours leading up to the closing, you will be able to take a walk-through of the home you wish to buy. This allows you to review the property to ensure than any contingencies listed on your contract have been met and that the house is in condition for moving in. If the home does not meet your requirements, you can request that the closing be delayed or that the seller put money in an escrow account to cover any necessary repairs.

Closing requires a great deal of paperwork. You should keep your records organized and also ask your real estate agent about anything else you might need. Be prepared to submit the good-faith estimate, as well as your contract and insurance information. You will also have to sign a number of legal documents and pay closing costs. Make sure to prepare your finances to pay a significant amount at closing.

Closing can be a stressful time, so it is important that you know what to expect. If you have any questions, don’t hesitate to ask your real estate agent, the closing agent or your lawyer. It is better to be prepared that be left in the dark when the closing comes around.

Published on January 16, 2007

Read full article at realestate.com

Featured Local Company

Admiral Mortgage

410-559-6491
25 S Charles St
Baltimore, MD

Read more about Step 10: Closing

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- Closing Costs On A Home Purchase Maryland
- Steps to a Smooth Closing Maryland
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- Step 6: Making an Offer Maryland

Once you've found the right home, the next step is to make an offer to the seller.

- An After-closing Letter That Asks For More Mortgage Referrals Maryland
- Step 8: Locking in Your Rate and Points Maryland
- Step 5: Closing on Your Home Sale Maryland
- How to Sell a Home Without a Real Estate Agent Maryland
- For Sale By Owner Maryland
- Buying your first home Maryland
- Steps to a Smooth Closing Maryland
- Closing Costs On A Home Purchase Maryland
- Garage organization tips: closing the door on clutter Maryland

Related Local Event

Free Introductury Real Estate Investing Class
Dates: 6/30/2009 - 6/30/2009
Location: Investors United School of Real Estate
Baltimore, MD
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