Closing the Transaction-Alfred Bartholomai Roswell Real Estate for sa

Closing the transaction

What happens at the closing?

The closing attorney will go over the Settlement Statement with you in detail and explain the purpose and significance all the documents you will be asked to sign.

What about title insurance?

In addition to the lender’s title insurance, it is advisable that you get an owner's title insurance policy that covers you, not the lender, if your ownership is ever successfully challenged.

Which homeowner’s insurance company should I pick?

J.D.Power rates Amica Mutual Insurance Company (http://www.amica.com/home/homeCoverage.html) the best in Overall experience, Policy Offerings, Pricing and Contacting the Insurer, according to their report in http://www.jdpower.com/financeandinsurance/home-insurance.

What is the best way to hold title to my new home?

If you are concerned about avoiding probate you may want consider a Trust. Ask a real estate attorney, estate planning attorney or accountant for advice. They can explain the pros and cons of each type of ownership.