Items You Should Keep in A Safe Place

• The Real Estate Settlement Procedures Act (RESPA) statement. This form, sometimes called a HUD 1 statement, itemizes all the costs associated with the closing. You’ll need for income tax purposes and when you sell the home.

• The Truth in Lending Statement summarizes the terms of your mortgage loan.

• The mortgage and the note (two pieces of paper) spell out the legal terms of your mortgage obligation and the agreed-upon repayment terms.

• The deed transfers ownership of the property to you.

• Affidavits swearing to various statements by either party. For example, the sellers will often sign an affidavit stating that they have not incurred any liens on the property.

• Riders are amendments to the sales contract that affect your rights. For example, if you buy a condominium, you may have a rider outline the condo association’s rules and restrictions.

• Insurance policies provide a record and proof of your coverage.

As your agent, I will send you a copy of the HUD 1 Settlement Statement the beginning of the next year after you purchased or sold your home so that you will always have this at your fingertips!

Cheryl Nightingale

"Achieve Your Dreams"

Realtor®, CBR, CDE

Remax Real Estate Center

30 Mechanic Street

Foxboro, MA 02035

(508) 543-3922  Ex 307- Office

(508) 576-7442- Direct

(508) 543-0696 - Fax

mailto:cheryl@nightingalehomes.com