These are the documents finalized at closing:​​​

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• The deed – This is filed with the Recorded of Deeds office. It transfers title from the buyer to the seller.

• The Affidavit of Title – A statement by the seller about any known legal issues with the property or encumbrances on the seller’s title.

• Bill of Sale – A receipt-like document that shows the seller received all payments for the sale of the property.

• ALTA Settlement Statement – An itemized list of all the money and credits during the exchange.

• Transfer Tax Forms – Tax forms that show the amount of consideration paid for by buyer for the purposes of evaluating the transfer tax costs.

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At least three business days before your closing, the lender should give you Closing Disclosure statement, which outlines closing fees. Compare this to your Loan Estimate and ask the lender to explain what each line item on your closing costs is and why it is needed. There are limitations on the amount a number of fees can increase from the Loan Estimate to the Closing Disclosure so there really shouldn’t be any surprises on closing day. But if there are, you can still walk away at closing.