Posted by DavidV on March 14, 2002 at 01:47:25:
The sellers usually have a folder with all of their docs from closing, look at all this stuff. The note, survey, etc. Look at their last payment statement if they have one. Get your Purchase and Sale agreement signed on whatever terms you decide. Also get them to sign an Authorization to release loan info so you can verify the loan info. They can decide now when they want to move. Do your due diligence and check title. You may also have them sign a property disclosure. Get their birtdays and SS#, makes it easier with the bank.
*Assign beneficial interest, if you do that
*Warranty Deed to Trustee
*Letter to Mortgage Company -optional- (I send one that just says property is now in a trust managed by ABC)
*Insurance(change existing or get a new policy)
*Change of address to have the payments sent to you
Its 2 hours past my bedtime, so i may have left something out. I’m sure someone will fill in the blanks if i miss something. Good luck!