The following is a step-by-step process to familarize yourself through the Sales or Purchase.
Click to download a .pdf copy.
 Pre-Qualification Buyer Interview
- Shop for Loan then Shop for House
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Finding The Right House
It can be any house:
- Real Estate Listing
- A For Sale By Owner
- New Construction / Build Job
- Foreclosure / HUD / VA
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| Shop for Loan then Shop for House |
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Title Report and Survey
- Title Commitment sent to buyer and buyer’s Mortgage Company
- Survey ordered
- Loan payoff statements ordered on seller’s mortgage
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Appraisal
- Ordered by Mortgage Company
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Option Period
- Do Inspections
- Amendments
- Cancel
- Title Company checks title and taxes
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Contracts Signed and Accepted
- All parties sign the contract
- Contract and earnest money delivered to the Title Company
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Loan Processing and Underwriting |
| CONGRATULATIONS!
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Loan Papers Delived to Title Company
- HUD-1 settlement statement prepared by Title Company
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Closing
- Gretchen Wright Ana Nieves-Lowe and Jennifer Lynn Escrow Officers Close Transaction
- All closing papers signed
- All money collected
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Another American Dream Becomes a Reality! |
Funding / Recording
- Money disbursed to all parties
- Deed recorded at County Clerk’s office
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