Los Angeles Real Estate Lawyer – WHAT TO EXPECT AT CLOSING

The timely, cost-effective resolution of complex real estate matters calls for an attorney who has exemplary legal skills and is experienced in effectively negotiating solutions that are both legally sound and resistant to future litigation. To find out how our firm can work with you to address your immediate needs, contact us to schedule a consultation and case evaluation with real estate attorney.

For more than 35 years, DiJulio Law Group has represented clients in Southern California and Montana in a wide variety of real estate matters. We are experienced attorneys, ready to go to work to help you resolve your issue efficiently and effectively.

Contact the Los Angeles real estate lawyers at DiJulio Law Group at (818) 502-1700 to discuss your case.

Thank you for contacting DiJulio Law Group. Your message has been sent.

Call us now

or use the form below.

Call (818) 502-1700 or send us an e-mail to discuss your case with one of our experienced Los Angeles real estate attorneys.

Attorneys at our firm speak several languages in addition to English, including Spanish, Chinese (Mandarin and Cantonese), Arabic, Lebanese, Armenian, Farsi and Italian.

Our law firm is committed to providing personal attention in all real estate law matters, from the most straightforward to the most complex. As a small firm, we have the resources to provide it.

What to Expect at Closing

A closing, or settlement, is the meeting during which ownership of the property is officially transferred from the seller to the buyer. The buyer and the seller, their attorneys, both real estate sales professionals, a representative of the lender and the closing agent typically attend the closing. The closing involves settling any open issues, balancing and verifying an often-complex closing statement and signing all documents necessary to complete the transaction.

An attorney with experience in closing real estate transactions from DiJulio Law Group in Glendale, CA, will advise you at closing to ensure that your rights are protected.

Closing Costs

Closing costs are one of the least-understood aspects of the home purchase procedure.

Although a good closer will take time to walk a buyer through the numbers, an experienced attorney from DiJulio Law Group will provide additional insight and verify that the costs are being appropriately allocated between the buyer and the seller.

Closing costs vary somewhat by community, but they generally are between two and five percent of the home’s purchase price and include:

  • Attorneys fees
  • Escrow fees
  • Property taxes to cover the period to the closing date
  • Interest from the closing date to one month before the first monthly payment
  • Loan origination fees
  • Recording fees
  • Survey fees
  • Mortgage insurance, if applicable
  • Title insurance, both for the buyer and the lender
  • Loan discount points
  • The first escrow payment for future real estate taxes and insurance
  • Homeowner’s insurance policy payment or receipt
  • Appraisal fees
  • Pest or other specific inspection fees
  • Document preparation fees

 

What Happens at Closing?

At closing, the buyer typically presents his or her paid homeowner’s insurance policy or a binder and receipt showing a paid premium. The closing agent will then list the amounts the buyer owes the seller and the amounts the seller owes the buyer. The seller will provide any items the contract requires him or her to provide. Once the parties have verified that the numbers are correct, the parties sign the closing statement, the buyer signs the mortgage note and the mortgage, and the seller gives the buyer title to the property in the form of a signed deed.

The buyer often pays the lender’s agent all closing costs, and the closer provides the buyer with a settlement statement listing all the monetary items. Immediately after closing, the closing agent should record the deed and mortgage.

Documents the Buyer Receives

The buyer typically receives:

  • Settlement statement, itemizing the services provided and the fees charged
  • Truth-in-lending statement
  • Mortgage note
  • Mortgage or deed of trust
  • Sales contract
  • Any required affidavits, if any
  • Copy of the deed
  • Keys to the home

Speak to our real Estate Lawyers Los Angeles

A closing can move very quickly, with both parties discussing and sometimes disagreeing about the numbers, all of which ultimately represent your hard-earned money.

An expert Los Angeles real estate lawyer from DiJulio Law Group in Glendale, CA, can help you protect your rights.

Copyright © 2012
DijulioLawGroup

DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.

Back to Main

2,463 Comments

2,463 thoughts on “What to Expect at Closing
  1. Your style is so unique compared to many other people. Thank you for publishing when you have the opportunity,Guess I will just make this bookmarked.2

  2. Acheter Pilule Propecia Acheter Cialis Belgique Yerba viagra online pharmacy Viagra And Cialis Cheap

  3. eu precisava para enviar você a muito pouco palavra para dar muitos agradecimentos again sobre o encantador pensamentos você compartilhado neste site. É realmente chocante generoso com pessoas como você para fazer abertamente tudo o que numerosas pessoas {poderiam ter | poderiam possivelmente ter | poderiam ter | teriam | oferecido para venda como um livro eletrônico para ajudar algum dinheiro para seu próprio fim , ainda mais considerando o fato de que you bem feito tried it no caso de você desejado. These coisas também trabalhado como outras pessoas tem o mesmo interesse como mine entender muitos mais no tópico de este problema . Certamente há milhares de mais agradáveis ​​ instâncias up front para indivíduos que iniciar a leitura sua postagem no blog

  4. Viagra Originale On Line Buy Tamoxifen Paypal Ditropan cialis cheapest online prices Baclofene Et Lyrica Phifer Viagra How To Buy Robax Platinum Without An Rx

  5. pjyaucq,Thanks for ones marvelous posting! I actually enjoyed reading it, you will be a great author.I will always bookmark your blog and will zjsathycpo,come back from now on. I want to encourage that you continue your great writing, have a nice afternoon!

  6. ddmjuyiy,Your blog was informative and valuable to me. Thanks for sharing.

  7. zwsayhvp,If you are going for best contents like I do, just go to see this web page daily because it offers quality contents, thanks!

  8. kqtfubzx,If you are going for best contents like I do, just go to see this web page daily because it offers quality contents, thanks!

  9. kttkmngtko,A fascinating discussion is definitely worth comment. I do think that you ought to publish more on this topic, it may not be a taboo caymmsibd,subject but generally folks don’t talk about such subjects. To the next! All the best!!

  10. smfiywr,Hi there, just wanted to say, I liked this article. It was helpful. Keep on posting!

  11. hcvemtbdgde,Thanks for ones marvelous posting! I actually enjoyed reading it, you will be a great author.I will always bookmark your blog and will qlhdogbolg,come back from now on. I want to encourage that you continue your great writing, have a nice afternoon!

  12. pmpupyop,Definitely believe that which you said. Your favourite justification appeared to be on the net the simplest thing to remember of.

  13. awxwktcp,Your blog was informative and valuable to me. Thanks for sharing.

  14. hvfqkn,Wonderful one thank you so much !

  15. fdtffcweoz,Hi there, just wanted to say, I liked this article. It was helpful. Keep on posting!

  16. vtraavf,Thanks for sharing such an amazing blog. I am so happy found this informative blog.

  17. oqveueptiq,A fascinating discussion is definitely worth comment. I do think that you ought to publish more on this topic, it may not be a taboo kpmtiblphjp,subject but generally folks don’t talk about such subjects. To the next! All the best!!

  18. pzkhmas,Wonderful one thank you so much !

  19. Bentyl Coligon Where To Buy tadalafil viagra levitra Cephalexin For Felines Tadalafil Online Purchase

  20. dkgeye,Definitely believe that which you said. Your favourite justification appeared to be on the net the simplest thing to remember of.

  21. ztmvbo,If you are going for best contents like I do, just go to see this web page daily because it offers quality contents, thanks!

  22. frquzzo,If you are going for best contents like I do, just go to see this web page daily because it offers quality contents, thanks!

  23. apwosoazd,Thanks for ones marvelous posting! I actually enjoyed reading it, you will be a great author.I will always bookmark your blog and will fqdesfnmhjb,come back from now on. I want to encourage that you continue your great writing, have a nice afternoon!

  24. gxskvdlryh,Thanks for ones marvelous posting! I actually enjoyed reading it, you will be a great author.I will always bookmark your blog and will skucrauptbn,come back from now on. I want to encourage that you continue your great writing, have a nice afternoon!

  25. ybcxrw,A fascinating discussion is definitely worth comment. I do think that you ought to publish more on this topic, it may not be a taboo lbrthtbmojf,subject but generally folks don’t talk about such subjects. To the next! All the best!!

  26. Cephalexin And Cats Ear Infection Order Diflucan Overnight cialis cheapest online prices Acquistare Cialis Kmj Radio Ads Viagra Kauf Viagra Online

  27. pptwdl,If you are going for best contents like I do, just go to see this web page daily because it offers quality contents, thanks!

  28. eglyvzdnatm Yeezy Shoes,If you have any struggle to download KineMaster for PC just visit this site.

  29. https://antabuse.durban/ – buy disulfiram without prescription

  30. olhmclpxra,Thanks for sharing such an amazing blog. I am so happy found this informative blog.

  31. kysngkl,Hi there, just wanted to say, I liked this article. It was helpful. Keep on posting!

  32. tcpday,If you are going for best contents like I do, just go to see this web page daily because it offers quality contents, thanks!

  33. Online Priligy Generic Uni cialis without prescription Pastilla Cialis Efectos Secundarios Acquistare Sildenafil Robaxin Without A Script