Real Estate Closing Resources and Forms
All parties listed as debtor(s) on lender documents
A valid Photo ID - (A Drivers' License, Passport, etc.)
Homeowners Insurance Policy/Declarations Page
Termite Letter is the Buyers' responsibility. You must bring the original termite letter to closing.
Certified Funds or wire transferred funds are required by Khano & Associates for an amount greater than $1500.
What Should You Bring to Closing?
Khano & Associates Specific Forms
Property Tax Links
Forsyth County TaX
Common Terms Heard at Closing
Commission - the fees paid to the real estate agents who represent the buyer and seller.
Earnest Money - Upon making an offer to purchase real estate, a buyer will generally deposit a sum of money to the seller as a demonstration of the buyer's good faith intention to purchase the property.
Escrows - an account maintained by the lender on behalf of the borrower for the payment of annual taxes and insurance.
Promissory Note - the instrument signed by a borrower wherein the borrower promises to repay, on demand or at some time fixed in the future, a sum of money to a lender or holder of the promissory note.