Advice for buyers and sellers, from Justin Ruzicka

Closing Documents

You are buying a house or condo in Fort Myers, Cape Coral, or Bonita Beach Florida, and you are wondering; “what will I be signing at closing table?”  I mean the real estate process is scary and then even more intimidating when getting a loan, it all boils down to the “closing table.”   Here is a quick reference list of things you will sign at closing…(the mortgage is the largest part, usually 30+ pages..Yikes)

–          Final HUD-1 settlement statement
–          Buyer/borrower affidavit
–          Compliance agreement, et. al – this is two pages in and includes statements pertaining to a compliance agreement, tax proration (discusses what was used to prorate the HUD, some information about proration, and then includes a table for the buyer and seller to use to determine if a reproration is in order once the tax bills are released), a notice of reissue informing the buyer that they can obtain a reissue rate credit within 3 years if they resell or obtain a mortgage, and then there are miscellaneous items such as HOA information, disbursement information, and explains who is responsible for what prior to and after closing (i.e. utilities).

–         Mortgage Documents

If you ever have any questions about buying a property or even need a preliminary HUD (which I find helps so many people these days when deciding whether to make or accept an offer) please do not hesitate to contact me.  I handle residential, commercial, cash/financed, FIRPTA, 1031, short sales, and all sorts of other real estate transactions.  After all that is why I am called the HOUSEGUY, your Fort Myers Realtor.

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Justin Ruzicka, Realtor
Justin Ruzicka, RealtorThe House Guy
Much of my real estate career has been in buying, repairing, then selling the properties for a profit. I work for specific investment groups doing this, as well as manage a personal portfolio. The other 50% of my business is helping my neighbors, I have helped dozens of Families buy or sell their home.

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