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Ang-Rich
Beyond Compare
Member since 5/05 17988 total posts
Name:
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When all is said and done and you move in...
to your new home...what documents should should you receive? So I guess what I am asking is...after closing it seems like everything is done...we have had no more communication with anyone and haven't received anything but for some reason I feel like we should have.
I guess what prompted my question is lack of experience and the fact that our lawyer asked us to give the title guy a tip  now I want to know what that tip was for...are we supposed to be getting something more?
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Posted 12/8/06 12:13 PM  |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: When all is said and done and you move in...
I havent closed yet, but my BF did recently and they were told to give the title guys $150.  When I told my DH, he was like - NO WAY, we are not doing that!
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| Posted 12/8/06 12:22 PM |
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jerrysgirl
I love my hot dog!!
Member since 6/06 5357 total posts
Name:
E & J
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Re: When all is said and done and you move in...
Posted by BackInNewYork
I havent closed yet, but my BF did recently and they were told to give the title guys $150. When I told my DH, he was like - NO WAY, we are not doing that!
that is a gratuity that they get.
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| Posted 12/8/06 12:29 PM |
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Ang-Rich
Beyond Compare
Member since 5/05 17988 total posts
Name:
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Re: When all is said and done and you move in...
Posted by jerrysgirl
that is a gratuity that they get.
But gratuity for what...they work they did or the work they have to do?
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| Posted 12/8/06 12:30 PM |
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jerrysgirl
I love my hot dog!!
Member since 6/06 5357 total posts
Name:
E & J
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Re: When all is said and done and you move in...
i believe it is the work they did.
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| Posted 12/8/06 12:36 PM |
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Ang-Rich
Beyond Compare
Member since 5/05 17988 total posts
Name:
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Re: When all is said and done and you move in...
Posted by jerrysgirl
i believe it is the work they did.
Thank you so much...now I feel better. I was thinking that we were supposed to get something - a document or something.
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| Posted 12/8/06 12:42 PM |
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My2Boys
Love.
Member since 10/05 4796 total posts
Name:
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Re: When all is said and done and you move in...
Shortly after we closed, we got a huge collated binder with all of the documents relating to the sale... contract, seller's disclosure, engineer's report, mortgage paperwork, etc...
Is this what you're referring to?
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| Posted 12/8/06 12:45 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: When all is said and done and you move in...
We also got a huge packet with all our closing paperwork which came one year after we closed from the lawyer. It had copies of the title, etc.
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| Posted 12/8/06 1:46 PM |
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DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
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Re: When all is said and done and you move in...
Posted by Ang-Rich
Posted by jerrysgirl
i believe it is the work they did.
Thank you so much...now I feel better. I was thinking that we were supposed to get something - a document or something.
Its actually for work they will fdo. usually the title closer is the one who pays off the onld mortgage. Which is great so the bank does not try to forclose on your new house because of the old loan! This conversation has been had but title closers make an appearance fee of about $50. If you don't tip them that is usually all they make. Its up to you but IMO its kind of like tipping a waitress.
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| Posted 12/8/06 1:58 PM |
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Ang-Rich
Beyond Compare
Member since 5/05 17988 total posts
Name:
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Re: When all is said and done and you move in...
Okay...so we got copies of all of our closing documents at the closing. What I think I was expecting was (and again I have no idea what I talking about) a copy of the title or I guess the document showing what the title guy did.
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| Posted 12/8/06 2:11 PM |
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abc123
LIF Zygote
Member since 11/06 31 total posts
Name:
Kris
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Re: When all is said and done and you move in...
as someone else said - you should get a closing statement from your attorney, which should include a copy of the title (or at least c/o's and survey). the MOST IMPORTANT thing to do with this is make an extra copy of the closing statement (the typed copy showing the breakdown of the adjustments at closing) and the HUD-1 (top left corner of the document is where this is - the bank does this and shows how much the closing costs, etc were) to give to your accountant for when you do your taxes.
you should also get your recorded deed within 6 months (in suffolk) and up to 2 years (in nassau). put this with the closing statement in either a safe or safety deposit box.
but most of all after you move in - ENJOY!
PS - you really dont "tip" the title closer. they get paid minimally from the company they represent and what they make as a "tip" is their actual pay for the closing - so if you "tip" $50, the seller tips $100, the they get paid $50 from their company, your closing lasts 3 hours, and now they go back to the office and put in another 2 taking care of the recordings, plus the hour they spent going over documents before hand - well they just earned about $33 an hour - some attorneys should explain this better.
Message edited 12/8/2006 10:25:34 PM.
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| Posted 12/8/06 10:19 PM |
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christy
Mommy of 2
Member since 5/05 6787 total posts
Name:
Christy
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Re: When all is said and done and you move in...
The tip is so that they file your paper work soon. I know it seems like bs to tip them, but it is just what is done. You don't want them taking their sweet time with your paper work.
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| Posted 12/8/06 10:42 PM |
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jodi714
Love my little girl!
Member since 2/06 3621 total posts
Name:
Jodi
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Re: When all is said and done and you move in...
Posted by christy
The tip is so that they file your paper work soon. I know it seems like bs to tip them, but it is just what is done. You don't want them taking their sweet time with your paper work.
That is what I was told. I helps speed up the paper pushing.
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| Posted 12/8/06 11:13 PM |
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DKF1016
"I got the Sugar" ..:)
Member since 5/05 1252 total posts
Name:
Gonnacatchapeacock
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Re: When all is said and done and you move in...
I had to tip the title girl $150 - I had NO IDEA why but we did. I wish someone tipped me when I did my job right :)
We got all the papers we could - standard documents. I can't remember whch ones b/c it was a painful memory with those B*^C^Y women we bought the house from.
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| Posted 12/9/06 1:02 AM |
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