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The Complete Idiot's Guide to Buying a Home by Peter Richmond

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Chapter 16
The Closing
In This Chapter
• Escrow closings
• Attorney closings
• What to bring to your closing
• Closing cost information
• Other fees you need to pay
Getting to the closing is what you’ve been working toward throughout this whole book. This is when all the documents and contracts are signed, the purchase is complete, and the title passes from the seller to you. In other words, after the closing, you own the home!
There are two types of closings—an escrow closing and an attorney closing. You will be attending one or the other. Think of an escrow closing as a third party who holds the money until the deal is complete. The money stays in an escrow account, and you and the seller work out the details of the purchase. Once all the details ...

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