Eight Steps to Finance Property
7. Clear to Close
"Clear to Close" is the GO signal for everyone to go into overdrive. Your loan Originator will move
loan information to the attorneys for the preparation of all documents – your Signature Properties of New England Realtor will move
any last minute changes to your Purchase & Sale agreement to the attorneys – and the attorney's
paralegals (those special people who do most of the attorneys work and get little of the credit) get
to work creating the HUD statement that everyone relies on at the closing to satisfy all regulations.
Once the Buyer and Seller's attorneys have agreed on all of the "numbers" in the transaction – a date will be chosen for the closing and all parties will be advised.