Checking previous payments and providing legal forms

After fulfilling your requests, they can start double-checking the accounts of the lender. They will discover whether he was able to pay important property taxes and utility bills. They would also confirm the fulfillment of previous homeowner association dues. This will help you avoid having problems with unpaid bills that could be transferred to your account.

They would also provide you with an HUD-1 settlement form. This contains every payment that you would need to make before finally owning your dream property. It would also contain important information about future billing periods based on your actual settlement date. Most of the information found in this document is derived from your lender’s requirements regarding closing procedures.