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Final Closing Figures

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Assuming the work on the loan is complete, the lender will send the title company information on all your loan costs 3-7 days  prior to closing. The title company then prepares final closing statements for both the buyer and seller. These statements include a balance sheet indicating  all charges (e.g., the price of the home and the loan costs to the buyer) and all credits (e.g., the loan and earnest money to the buyer). These statements will be sent to the buyer and their agent or attorney for review. In the ideal world, this should happen several days prior to closing. In the real world, you will generally be lucky to get figures more than a day or two before closing.  Let the title company know immediately if the figures are wrong.