Prior to the Meeting

  • Resolve walk-through issues: Any monetary issues arising from your walk-through need to be resolved before the final settlement statement (the HUD 1 form) can be prepared. I will attempt to resolve these prior to settlement but, if not, these must be discussed before anything else takes place.
  • Review the HUD 1 settlement statement: Together, we will review the statement to be sure that all charges and credits are the correct amounts and charged to the proper people.
  • Review sample settlement documents: If you are going to want to read all the documents prior to signing, please do so prior to settlement by either arriving early or making arrangements to receive a sample set.
  • Settlements are typically scheduled every hour so please allow for one hour in order to complete the process. 

The typical signing meeting agenda is as follows:

  • Resolve remaining walk-through issues
  • Approve HUD 1 statement
  • Purchaser selects title insurance coverage
  • Seller signs the deed (In Hawaii, the Purchaser and Seller typically attend their own separate signings and do not meet face-to-face. The seller will have signed the deed prior to our settlement time.)
  • Purchaser signs loan documents:
  • Loan application
  • Truth in Lending statement
  • Note
  • Deed of Trust
  • Purchaser tenders the check 

Important Things to Understand about Closing 

Two days after signing and funds have been cleared by the escrow company, the transfer deed will officially record with the Bureau of Conveyances. At that point, we would arrange for you to receive your keys and possession as soon as the transaction is recorded. 

Congratulations, you are now the new owners!