Seller's Closing Documents
Real Estate-Seller Closing Documents
Documents Seller Sign at Closing
Closing is the eagerly anticipated culmination of the real estate transaction.
The parties convene at the law firm or title company office to execute
all required documents. The buyer and seller, if applicable, remit any
remaining funds due, and the attorney or settlement agent disburses funds
as set out on the HUD-1 Settlement Statement. Following is a list of the
documents that a seller will sign at a typical closing:
HUD-1 Settlement Statement: sets out all receipts and disbursements made by, on behalf of, or to the
buyer and seller in the transaction.
Acknowledgement: that the closing attorney/settlement agent represents the lender.
IRS form 1099: reports the sale to the IRS.
Deed conveying title to buyer: deed may take one of several forms:
- Warranty Deed - warrants title against the claims of all persons;
- Limited or Special Warranty Deed - warrants title against the claims of
all person claiming loss as a result of seller's ownership;
- Quit-Claim Deed - contains no warranties as to title.
Affidavits: Where applicable, seller executes sworn statements relating to:
- Name variations or "aliases"
- Knowledge of matters relating to the title
- Other matters specific to the particular transaction