The typical settlement meeting agenda is as follows:
- Resolve remaining walk-through issues
- Approve HUD 1 statement
- Purchaser selects title insurance coverage
- Seller signs the deed
Purchaser signs loan documents:
- Loan application
- Truth in Lending statement
- Note
- Deed of Trust
- Seller’s attorney or closing company provides the keys to purchaser’s attorney or closing company
- Purchaser tenders the check and receives keys and possession as soon as the transfer deed is recorded. Often this will depend on the transferring of funds from your lender to the closing company, and this could take anywhere from 1-5 hours after settlement, provided everything runs smoothly.