If you are purchasing or selling a house with Peninsula Settlements, please complete and return the attached form to us as soon as possible.

Peninsula Settlements’ Form for Purchasers
Peninsula Settlements’ Form for Sellers

We will provide your HUD-1 Settlement Statement, which shows how much you need for closing or how much you will be receiving back from closing, to your mortgage broker or loan officer as soon as possible. To complete the HUD-1, we need to receive closing instructions from the buyers’ lender. Typically, we do not receive these instructions from the lender until 24 – 48 hours before closing and it is not uncommon for us to receive these instructions the day of the scheduled closing. We always do our best, however, to complete the HUD-1 as soon as possible.

At closing, you will need a valid, state-issued photo identification. We will make a copy or take a picture of your identification for our records. If we are doing an in-home closing, we would appreciate it if you could provide us with a copy of your license(s). You will also need certified funds for any money you need to close, unless other arrangements have been made with us.

Any individual who is on title to the property will need to attend closing, even if the new loan is not in their name. This is because all property owners must sign certain of the loan or title documents.

If you want to use a Power of Attorney at closing because one of the borrowers or owners is out of town, please contact us. We will prepare the Power of Attorney for you so that it is transaction specific and acceptable to our title insurer.

If you have any questions regarding your closing, please call us today at (240) 631-6690.

Peninsula Settlements, LLC
We know real estate.