"Quick Answer: - The buyer typically signs first, especially when a mortgage loan is involved. - The seller signs after the buyer, once all loan documents are finalized. - The signing order helps ensure a smooth, legally compliant closing, preventing delays or funding issues. Who signs first at closing - the buyer or seller? It's a common question for homebuyers and sellers, and understanding the answer can help you feel prepared and confident on closing day."
"Step 1: Buyer signs loan documents Before the seller signs, the buyer must review and sign several key loan documents to finalize their financing, including: The promissory note: Your written promise to repay the loan, including the amount, interest rate, and payment terms. The mortgage or deed of trust: Secures the lender's interest in the property and allows foreclosure if the loan isn't repaid. Loan disclosures: Documents that outline your loan's key terms, fees, and risks."
The buyer usually signs first to finalize loan financing and allow the lender to perform a final review and release funds. Key buyer documents include the promissory note, mortgage or deed of trust, loan disclosures, and settlement statements that list closing costs and final amounts due. After lender approval and funding, the seller signs the deed, title-related documents, and final settlement statements to transfer ownership. The signing order ensures lender requirements and title matters are resolved before ownership changes hands, preventing funding delays and ensuring a legally compliant closing across different locations.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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