Question on L/O - Posted by SLS

Posted by JoeKaiser on March 31, 1999 at 01:49:19:

Once the paperwork is completed, it needs to be placed somewhere where you can easily get to it once it comes time to exercise your option. That means you take all the signed off paperwork needed to close the sale and you either stick it into your own file cabinet (my favorite) or you have a third party or “true escrow” set up so that when you show up with the dough, they hand you the closing paperwork. Only then will you have a “formal closing.”

That’s it.


Question on L/O - Posted by SLS

Posted by SLS on March 29, 1999 at 08:53:03:

I’ve studied Joe Kaiser’s L/O, but still have a couple of questions.

Once all paperwork is signed with seller, I am confused as to the steps from there. Do I take paperwork to title company, and have formal closing? Or take paperwork to escrow company for third party payments and that’s it? Please advise on steps after paperwork is completed.

Thanks in advance.