Wednesday, March 7, 2012

Last-minute checklist helps closing

Realty Forum lets Chicago area real-estate executives sharetheir thoughts on issues affecting home buyers. Ronald C. Nelson issenior vice president of Draper and Kramer's residential mortgagedivision.

After the buyer has selected a home, filled out a mortgageapplication and received a commitment letter, the closing is thefinal step before taking ownership of the new home.

With all the excitement of finally owning your new home, it'shelpful to have a checklist to avoid overlooking any documents orsteps necessary for a problem-free closing.

And with the majority of buyers preferring to close on theirloans at the end of the month, having everything in …

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