February, 2014 | Eric Castongia // San Francisco Broker Associate

February 18, 2014

Documents to keep after close of escrow

Your buyers final closing statement-you will need this for tax purposes.
Sellers will receive a substitute 1099-you will need to claim your sale on your tax return.
All transaction documentation. ( I provide my clients with a complete transaction CD with the documents in pdf format within a few weeks of closing.)
All loan documentation.
The deed and title insurance policies. Expect these to arrive within 3-4 weeks after closing. Make sure to put them in a safe deposit box, or other firesafe box for safe keeping.
Insurance policies to prove coverage. These should be kept in safe place in your property, such as a fireproof box.

Loved the location and closed eight days later

My client would not leave her rent-controlled apartment unless she could buy in Noe Valley. I happened to know of a place that was on the market and not selling. Challenge was, for tax reasons, it had to close within… Read more “Loved the location and closed eight days later”