Here's a list of what will be needed for closing:

• A copy of the sales contract and documentation showing that any contingencies have been removed or satisfied.

• Documents to complete the title transfer. These usually are handled by the title insurance or abstract company and your attorney or closing officer. They may include: certificate of title, deed, correcting affidavits, quitclaim deeds, survey, and title insurance policy or binder. Be sure the closing officer has the necessary papers showing that all judgments, liens and mortgages have been removed or satisfied.

• Homeowners insurance policy. When the buyer plans to take over the unused portion of your hazard insurance, you'll need to make arrangements in advance so that all the paperwork will be completed on time.

• Prorations for ongoing expenses such as insurance premiums, property taxes, accrued interest on assumed loans, and utilities (if not shut off between owners).

• Receipts showing payment of the latest water, electric and gas bills.

• A certificate from your lender indicating the mortgage balance and the date to which interest has been prepaid. The closing officer usually obtains these figures calculated to the day of settlement.

Preparing for Settlement

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