What you can expect to receive at closing can vary, depending on specific state and the regional requirements. Some states hand over the keys and a title insurance policy with the rest of your signed paperwork. Metro Title does require that you wait until your deed is recorded before you can receive your keys and get access to your new home. Either way, though, there are some specific papers you can look for at the closing table.
You'll receive a detailed statement that will show all the closing costs, the price of the property, and the expenses that came into play during the transaction. This statement will show how much money the buyer is paying to the seller, what part of that money is mortgaged, and other factors. You'll also see all the costs of recording the deed and taking other steps to legally transfer the property. Both the buyer and the seller will sign documents, and then the deed can be recorded with the county.
Generally, you'll also receive a copy of the deed and other papers, but it won't be a recorded legal just yet. Once the deed is properly recorded, you can expect to get a copy of that, your recorded mortgage if you have one, and your title insurance in the mail. That usually takes a couple of weeks. If you have any questions about what you'll be receiving when you go to the closing table, asking our teams at Metro Title & Escrow can help solve those concerns.
We are here to help, and to make sure you understand the property transaction you're a part of. Questions are welcome, and it's better to ask ahead of time instead of waiting until you actually get to closing. That way, you can sign with confidence and peace of mind.
