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8 Cards in this Set
- Front
- Back
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Closing |
the point at which ownership of property is transferred in exchange for payment of the purchase price |
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survey |
provides information about the exact location and size of the property. Inclicates driveways, fences, and other improvements |
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Escrow closing |
third party to coordinate the closing activities. An attorney, a title company, a trust company |
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Real Estate Settlement Procedures Act (RESPA) |
a federal law enacted to protect consumers in the Settlement process by requiring accurate and timely information |
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Closing Disclosure |
Given to the borrower and the seller itemizes all charges to be paid in connection with closing |
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Your Home Loan Toolkit |
Produced by The C FPB, a booklet must be provided by a lender to every applicant |
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Debt (give) |
a charge that must be paid by the buyer or the seller at closing |
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Credit (receive) |
the amount entered in favor of the buyer or the seller |
