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CLOSING AND FUNDING
6.1 SIGNING DOCUMENTS. In Arizona your final loan documents are required to be at the title company ready for you to sign five calendar days before the close of escrow date. This allows ample time for you to make an appointment to sign the documents and have your closing funds delivered to the title company. Prior to your signing appointment, your lender will review with you the settlement statement prepared by the title company.
6.2 CLOSING FUNDS. The title company will require the final closing funds be delivered via a wire transfer or a cashier's check. If you choose a wire transfer, your lender can provide you the wiring instructions. If you choose a cashier's check, it will be required that the check be delivered to the title company at least 24 hours prior to your close-of-escrow.
6.3 CLOSE OF ESCROW. Be sure to review the documents to confirm the loan terms are what you expected. If you have any questions, do not hesitate to contact your lender prior to signing the documents. It is important to fully understand your loan program prior to signing and closing the sale.
After the signing, the loan documents are returned to the buyer's lender for approval and funding. Upon receipt of the loan proceeds from the lender, the escrow officer will release the documents in the transaction for recording at the County Recorder's Office on the recording date. After recording the funds are disbursed, copies of all documents are provided to buyers, sellers and REALTORS® and the title insurance policies are issued to the buyer and the buyer's lender. At this time the sale is complete and you are a homeowner!

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