Carefully review
the preliminary report or the guarantee of title insurance,
to verify the exact legal description of the property and
any liens, encumbrances or other items which may have been
discovered on the property. Be sure that all items are removed
that you did not agree to. Verify that the title or escrow
agent has your correct vesting, or the way you want to take
title to the property. This is important because to correct
a vesting on a deed later on is time consuming and can be
avoided if care is taken when escrow is closed.
Besides the paperwork
which you must review and verify, you should reinspect the
property once again just prior to closing. Is everything
the way you expect it to be? Have all the necessary repairs
or other corrective work been done that were promised to
you? This is important so that you don't arrive at your
new house and find unexpected surprises.
The most important
thing to remember is that before closing you want to be
certain that all the conditions of the purchase contract
have been met. You want to be sure that all directions given
to the closing agent have been performed. Before signing
your name to any closing documents, check and double check
that everything is correct, interest rate, fees charged
and condition of the property.