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The deed is a legal document that transfers property ownership from the seller to the buyer. It is essential to carefully review the deed before signing to ensure that all the information is accurate and reflects the terms of the sale.
Signing the Deed
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The closing disclosure outlines the final terms and costs associated with the home purchase, including the purchase price, closing costs, and additional fees. The buyer must review and sign this document to acknowledge that they understand the terms of the sale and agree to the final costs.
Closing Disclosure
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The buyer is responsible for paying closing costs, including fees associated with the loan, such as appraisal, origination, and title insurance fees. It is essential to understand these costs and have the funds available to pay them at closing.
Paying Closing Costs