Seven Steps to the Buyers Closing Process

Step 1 :

The Purchase Agreement is signed by all parties.

Step 2 :

Borrower meets with loan office to complete the mortgage approval process. Title commitment is ordered.

Step 3 :

Closing date and time are scheduled. Title commitment is prepared and reviewed.

Step 4 :

Buyers safely and securely manage the personal information that is needed to close using Edina Realty Title’s exclusive online technology. Have conversations, submit information and review and upload documents from desktop and mobile devices.

Step 5 : 

Edina Realty Title prepares closing documents and submits to lender for approval of final settlement Statement. Once approved buyer receives final costs of purchase.

Step 6 :

For security, Edina Realty Title requires a bank wire as the method of payment for funds necessary at closing. Buyers work with their bank and lender to initiate wire transfers.

Step 7 :

Edina Realty Title performs the closing, disburses funds, submits the deed to the county for recording and issues homeowner’s title insurance policy.