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Orlando real estate - Buyer tips
What to Keep From Your Closing
- The Real Estate Settlement Procedures
Act (RESPA) statement. This form, sometimes called a HUD 1 statement,
itemizes all the costs associated with the closing. You'll need this
for income tax purposes and when you sell the home.
- The Truth in Lending Statement
summarizes the terms of your mortgage loan.
- The mortgage and the note (two pieces of
paper) spell out the legal terms of your mortgage obligation and the
agreed-upon repayment terms.
- The deed transfers ownership of the
property to you.
- Affidavits swearing to various
statements by either party. For example, the sellers will often sign
an affidavit stating that they have not incurred any liens on the
property.
- Riders are amendments to the sales
contract that affect your rights. For example, if you buy a
condominium, you may have a rider outline the condo association's
rules and restrictions.
- Insurance policies provide a record and proof of your coverage.
Tips for finding the perfect neighborhood
7 Reasons to own your own home
10 things your lender needs from you
What your home inspection should cover
5 things to understand about homeowners insurance
What not to overlook on your final walk through
Metro Orlando Cities and Communities
Alaqua Apopka Bay Hill Bella Colina Belle Isle Casselberry Celebration Chuluota Daytona Beach Debary Deland Deltona Dr Phillips Geneva Gotha Heathrow Hunters Creek Isleworth Keenes Pointe Kissimmee Lake Brantley Lake Forest Lake Mary Lake Nona Longwood Maitland Metrowest New Smyrna Beach Orange City Orlando Oviedo Poinciana Ponce Inlet Sanford Sweetwater Tuscavilla Waterford Lakes Wekiva Windermere Windsong Winter Garden Winter Park Winter Springs
Central Florida Counties
Lake
County
Seminole
County
Orange County
Osceola County
Volusia County
Copyright 2005 - Malte Strauss -
office phone 800-771-0031 extension 298 - direct line 407-416-9659 - fax 407-650-2769
All information believed to be correct but not guaranteed. Usage
of information at your own risk. Southern Realty Enterprises, Inc. is an Equal Opportunity
Company. 
Equal
Housing Opportunity. Each office is independently owned and operated.