CLOSING DOCUMENTS
Transaction and contract negotiation documents are always kept on file at Rogue Sportsman's Realty. Closing documents are provided by the title company. The deed and mortgage documents are filed at the county recorder and become a public record, meaning you can always obtain a copy of those documents from the recorder's office or from a title company. We will gladly assist you in compiling a complete set of documents related to the closing on your home. You should consider keeping these documents for at least a few years after you eventually sell your home. For some who will never sell, that means indefinitely.
Closing Documents to Keep as Photocopies After Home Buying
The main reasons to keep the following documents are for future reference -- meaning for your own review -- or in the event you need to file a claim, either against the seller, your professional representation team or contractors.
- Purchase Agreement (including Addendums, Amendments or Riders
- Requests for Repair
- Seller Disclosures
- Escrow Instructions, if any -
- Home Inspection
- Pest Inspection and Completion Certificate
- Other Inspections and Work-Related Documents
- Home Warranty Plans
- Truth-in-Lending Statement
- Estimated Closing Statement
- Promissory Note and Mortgage - Often, the note is not recorded, and you will not receive the original note until it is paid in full. The mortgage will show your principal balance and terms of your loan as required by the lender.
- Insurance Policy
- Title Policy - Lays out your vesting, dollar amount of title insurance, and exceptions to coverage. Contains the name of the title company, date of issuance and policy number.
Closing Documents to Keep as Originals After Home Buying
Settlement Statement. - Contains all the official charges and credits of your home purchase. You will need this copy for filing your personal taxes for that calendar year because some items may be tax deductible.
Deed - Title transfer document returned by the County Recorder's office after being placed in the public records. Contains how you hold title, the name of the sellers giving you title and the property's legal description.
