Everyone just left the closing room. Great closing experience. Seller leaves with the check in the right amount, buyer leaves with the key to the front door that actually opens it and they don't hear from us again. That means we all did our job exactly right.
In the meantime, as everybody's leaving the closing room, the buyers are probably getting into their U-Haul because they've got all their stuff and the furniture in the back already. The sellers are moving in with the in-laws because there's no place to go. The next step is we've got to record the deed with a register of deeds. We've got to put the taxes in the buyer's name and we've got to make all the dispersements and payments that were identified on the closing statement. So it's going to be critical that we pay off the sellers mortgage with the proceeds from the sale so that the mortgage gets released, and now the buyer owns it free and clear with the exception of their own new mortgage.
So there's a lot of things happening after the closing that nobody really ever hears about which is great. That's how it should work when they tend to the final title policy that's issued a few weeks later.
You're right. The last letter that goes out is a letter to the buyer saying here's your deed and here's your owner's policy. Congratulations. One of the key things is we are always available if there's any question after the closing. Always available.
