closing instructions: Specific Loan Closing Instructions - Never seen these things required at Settlement Before - 02/04/10 07:06 AM
1.) Buyer must have minimum of 3.5% into the property at closing
2.) Final HUD to reflect an earnest money deposit of $1000.00
3.) Cash from borrower at closing not to exceed $12,617
4.) Borrower to Sign 2007 and 2008 tax returns
5.) Borrowing to provide most recent pay stubs at settlment.
6.) Borrower to sign hotel and transient Use Form
7.) Title to be clear of all liens and judgements
 
Okay some of these are fairly normal.  Obviously being an FHA loan I don't have a problem with #1,2, or 7.  All of those seem to be reasonable.  This … (10 comments)

 
David Monsour, ABR - www.realty-insights.com (Keller Williams Keystone Realty)

David Monsour

ABR - www.realty-insights.com

Gettysburg, PA

More about me…

Keller Williams Keystone Realty

Address: 223 Baltimore St. , Gettysburg, PA, 17325

Office: (717) 334-4565

Mobile: (717) 319-3408

The Gettysburg Homes and real estate information blog is my way of giving back to Gettysburg's people and my personal sphere of influence. The objective is to provide real time real estate information and it's potential effect on Gettysburg, PA.

The current real estate market is far from what one would call "normal." Changes are constant, which requires professional realtors to be knowledgable and capable of shifting with the market. The governments attempts to stimulate the market has also caused a steep learning curve for most buyers and sellers in the market. An understanding of the policies and procedures is just one way I can help you to the successful sale or purchase of a Gettysburg, Pa property.

I work both as a Gettysburg buyer agent, and a Gettysburg listing agent. I also enjoy the challenge of finding quality investment properties and helping buyers to ensure a desired profit margin.

If I can help you in any way feel free to call or send me an email. Quick response time and great communication are always my goal.

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