Sample Closing Documents
Familiarize Yourself Before Closing
Buyer Documents
The HUD-1 is the Settlement Statement used in all commercial transactions and cash residential transactions. It is an itemized list of all debits and credits associated with the real estate transaction for both the buyer and seller. See Sample HUD-1
The Closing Disclosure and ALTA are the Settlement Statements used in residential transactions involving a loan. They shows a breakdown of all the expenses associated with the buyer’s side of the transaction, whether due at closing or previously paid.
Covenant is committed to keeping your personal information safe and secure. All buyers sign this privacy statement at closing. See Statement.
The title commitment is an offer to issue a title insurance policy. It outlines the various conditions, exclusions, and exceptions that will apply to your final policy. See Sample Commitment
The title policy is a contract indemnifying you, the buyer, against loss resulting from a defect in the title to your interest in the property being insured. You can expect to receive your final policy within 60 days of closing. See Sample Policy
Seller Documents
The HUD-1 is the Settlement Statement used in all commercial transactions and cash residential transactions. It is an itemized list of all debits and credits associated with the real estate transaction for both the buyer and seller. See Sample HUD-1
The Closing Disclosure and ALTA are the Settlement Statements used in residential transactions involving a loan. They show a breakdown of all the expenses associated with the seller’s side of the transaction, whether due at closing or previously paid.
The Deed of Bargain and Sale is a legally drafted document which transfers the title of the property from one person to another. After closing, it is recorded in the public records at the Clerk’s office. See Sample Deed
The Owner’s Affidavit is a document which covers a number of legal matters, including mechanic’s liens, which could trigger a title issue. By signing this affidavit, you are assuring that you are the true owner of the property and such matters do not apply. See Affdivit
You will only have to sign a No Financing Affidavit at closing if you do not have an existing mortgage on the property. By signing this document, you are assuring that there are no recorded or unrecorded deed(s) of trust, personal notes, or other obligations to be paid prior to sale of the property. See Affidavit
Refinancing Borrower Documents
The HUD-1 is the Settlement Statement used in all commercial refinances. It is an itemized list of all debits and credits associated with the refinance. See Sample HUD-1
The Closing Disclosure and ALTA are the Settlement Statements used in residential refinances. They show a breakdown of all the expenses associated with the refinance, whether due at closing or previously paid.
Covenant is committed to keeping your personal information safe and secure. All borrowers sign this privacy statement at closing. See Statement
The Owner’s Affidavit is a document which covers a number of legal matters, including mechanic’s liens, which could trigger a title issue. By signing this affidavit, you are assuring that you are the true owner of the property and such matters do not apply. See Affidavit
Lender Documents
The Closing Protection Letter (CPL) is a letter issued by the title agent to the lender insuring the lender against loss due to the negligence or fraud of the settlement agent to the extent that such loss affects title. It is also referred to as an Insured Closing Letter (ICL). See Sample CPL
The title commitment is an offer to issue a title insurance policy. It outlines the various conditions, exclusions, and exceptions that will apply to your final policy. See Sample Commitment
The title policy is a contract indemnifying you, the lender, against loss resulting from a defect in the title to the lien in the property being insured. You can expect to receive your final policy within 60 days of closing. See Sample Policy