What documents must an attorney obtain to facilitate closing?

What documents must an attorney obtain to facilitate closing?

• A. Only buyer's title info
• B. Seller's deed and contract
• C. Only closing statements
• D. Buyer’s mortgage application

Answer: (B)

To facilitate closing, an attorney must obtain the seller's deed and contract. The seller's deed is crucial as it serves as the legal instrument that transfers ownership of the property from the seller to the buyer. This document includes essential details such as the legal description of the property and the names of both parties involved in the transaction. The contract outlines the terms of the sale, including the purchase price, contingencies, and any agreements between the buyer and seller. It is foundational for ensuring that all stipulations of the sale are understood and agreed upon, aiding in the proper execution of the transaction. Without these documents, the attorney would lack the necessary information to complete the closing process, jeopardizing the validity of the transfer and potentially leading to legal issues in the future. Thus, obtaining both the seller's deed and contract is essential for a smooth and lawful closing process.

To facilitate closing, an attorney must obtain the seller's deed and contract. The seller's deed is crucial as it serves as the legal instrument that transfers ownership of the property from the seller to the buyer. This document includes essential details such as the legal description of the property and the names of both parties involved in the transaction.

The contract outlines the terms of the sale, including the purchase price, contingencies, and any agreements between the buyer and seller. It is foundational for ensuring that all stipulations of the sale are understood and agreed upon, aiding in the proper execution of the transaction.

Without these documents, the attorney would lack the necessary information to complete the closing process, jeopardizing the validity of the transfer and potentially leading to legal issues in the future. Thus, obtaining both the seller's deed and contract is essential for a smooth and lawful closing process.