Toledo Real Estate Lawyer | Toledo Real Estate Attorney | Closings
Toledo Ohio Real Estate Attorney Dennis E. Sawan


Protect Your Investment


Nearly everyone has heard the term “closing”, but people often only know that it is an occasion where a lot of paperwork they don’t understand is passed around and signed. The closing can take place at the bank where the loan was taken out, at the office of title insurance company, at the office of the lawyer for either the seller or the buyer, and occasionally somewhere else.


The closing on your new home or lot or farm property involves a  lot of moving parts. As your attorney, I will work with the real estate agent, the seller’s or buyer’s attorney, the bank or mortgage company, the title insurance company, surveyors, and a number of other people who are involved in the process. My goal is to make the actual closing as smooth as possible by resolving any issues before you actually arrive at the closing table. Generally the buyer will need to bring two things to closing. The first is a valid form of identification since you will be asked to produce some form of identification at closing. The second item is a certified check for the amount of money required to close. In many cases, your attorney will not have a final figure for you until the day before closing. The seller will have to bring the deed, proof of marketable title, a residential property disclosure form if the property includes a home or rental unit, a mechanic’s lien affidavit, a lead paint disclosure form, and a check for prorated taxes. Sometimes other documents are needed.


The buyer and seller usually attend the closing, but arrangements can be made for what is known as an escrow closing. There the documents are given to the attorney before hand and the closing proceeds without the attendance of one or more of the parties to the sale.


A settlement statement will be prepared and will set out the selling price, the down payment, the expenses to be paid by the buyer and seller and so on. At closing I will review the settlement statement and other documents with you and will be available to answer any questions that you may have concerning the closing of your new home.


Dennis E. Sawan is an Ohio Real Estate and Personal Injury Attorney licensed to practice law in the State of Ohio. If you would like to speak further about your specific legal matter, call The Law Office of Dennis E. Sawan today at 567-343-5662 to schedule a free consultation. 

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