The Hughes Team

The major objective of a closing is to sign contracts and disburse funds.  This only requires a few documents. But the buyer is often confronted with 30 or more documents that are either required by the federal or state government, or by lenders protecting themselves against legal liabilities. The buyer has the legal right to receive all documents 24 hours prior to closing. Many of the documents are junk documents that contain no useful information but are are disclosures that the law requires lenders to provide. Other documents acknowledge that the borrower has been told that the lender who made the loan may not service it, that the borrower has received the appraisal report, that payment delinquencies have been reported to a credit reporting agency, etc.

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