Buyers – Phase II: Paperwork

Title Search, Survey & Inspections

 Paperwork-Icon
Various Inspections Ordered
Inspection Reports Sent to Applicable Party, Reviewed & Notification Sent
Appraisal Ordered by & Completed for Lender

Documents/ Info Submitted – Buyer

Paperwork-Icon Title Commitment, Prelim HUD-1 & Survey Sent to Lender
Buyer, if Corporate Entity, Provides Required Info To Milestone

  • Articles of Incorporation or Organization
  • Operating Agreement
  • Resolution of Authority to Sign
  • Certificate of Good Standing
Buyer Advises Lender & Milestone Title of Home Insurance Company
Buyer Receives Final Loan Approval From Lender

Documents/ Info Submitted – Seller

Paperwork-Icon Seller, if applicable, to provide Required Tenant Rights Documents
Seller, if Corporate Entity, Provides Required Info To Milestone

  • Articles of Incorporation or Organization
  • Operating Agreement
  • Resolution of Authority to Sign
  • Certificate of Good Standing
Seller, if an Estate, to provide Required Estate DocumentsALL court documents including, but not limited to: Letters of Administration

  • List of Heirs
  • Claims Made
  • Will
  • Death Certificate

Documents/ Info Submitted – Lender

Paperwork-Icon Loan Documents Prepared By Lender & Sent to Milestone
Closing Documents Compiled by Milestone Title
Loan Documents Returned to Lender For Review

 

phase-i phase-ii phase-iii