Frequently asked questions
General Closing Questions
WHO ATTENDS THE CLOSING?
One of our experienced settlement agents or closing attorneys will handle your closing, talking you through the signing process, while reviewing all closing documents with you thoroughly.
For a purchase, all buyers and all sellers must attend closing. If there are realtors or lenders, they generally attend as well.
If you are refinancing, only borrowers or required signors will attend.
WHAT DO I DO IF I CANNOT ATTEND THE CLOSING?
If you are unable to attend closing, generally arrangements can be made for signing.
The sooner we know the better, so please contact us directly to discuss the options available to you.
Please note that the options available will be specific to the transaction, and that e-signatures, docu-sign or any other form of electronic signature is not allowed for documents that will be recorded – i.e. powers of attorney, cash sales, mortgages, etc.
WHAT DO I NEED TO BRING TO THE CLOSING?
If you are a signor – borrower, buyer, seller, intervener, etc. – you must provide valid, government issued photo I.D. at closing. This can be a driver’s license, state issued ID card or passport.
If you must bring funds to closing, they must be in the form of certified funds or cashier’s check, payable to Audubon Title, or funds must be sent by wire.
Sometimes a Wood Destroying Insect Report or WDIR is required for closing. Speak with your lender and realtor to confirm if this is required.
Additional documents may be needed for closing, which we will discuss with you and confirm prior to the act of closing.
WHEN WILL I KNOW IF I HAVE TO BRING MONEY OR HOW MUCH MONEY I HAVE TO BRING TO THE CLOSING?
If you are a buyer or borrower, you will likely have to bring funds to closing. All closing funds must be wired to our escrow account prior to closing or brought to closing in the form of certified funds or cashier’s check payable to Audubon Title.
As we rely on lenders to provide us with closing instructions to prepare the Closing Disclosure, we generally are unable to provide a final amount to close until 2 business days before closing.
HOW LONG WILL THE ACTUAL CLOSING TAKE?
The length of time a closing takes can vary based on the type of transaction and if there is funding authorization required by the lender.
With TRID residential closings buyers arrive prior to the sellers.
Typically, a sale takes an hour for the buyers and thirty minutes for the sellers, while a refinance is usually completed within 45 minutes.
Our goal is for you to have the best closing experience, with you able to review your closing documents with the settlement agent and have all of your questions answered. You really set the pace of your closing.