Pre-Settlement Checklist

checklist

For Seller

  • Bring a certified check for all funds required at settlement.
  • Bring a driver’s license or passport and one other form of identification.
  • Bring a copy of last water bill.
  • Advise Pinnacle Title if any of the sellers is out of the area and will require a power of attorney. All lenders must approve a buyer’s Power of Attorney prior to settlement.
  • Make Pinnacle Title aware of any loans or mortgages related to the property, including home equity loans.
  • Make Pinnacle Title aware of the proper spelling of the seller’s name.
  • Make Pinnacle Title aware if any owner of the property is newly married, deceased, divorced or separated.
  • If applicable, provide a Homeowner’s Warranty application to Pinnacle Title for inclusion on the settlement statement.
  • Notify Pinnacle Title if any of the sellers are not citizens of the United States due to additional withholding requirements.
  • Notify Pinnacle Title of any fee changes or modifications to the purchase contract.

For Buyer

  • Bring a certified check for all funds required at settlement.
  • Bring a driver’s license and one other form of identification.
  • Bring a copy of the Homeowner’s insurance policy, unless buying a condominium.
  • Bring the original Termite Inspection Report to settlement.
  • Advise Pinnacle Title if either buyer or seller is out of the area and will require a power of attorney. All lenders must approve a buyer’s Power of Attorney prior to settlement.
  • If applicable, provide a Homeowner’s Warranty application to Pinnacle Title & Escrow, Inc. for inclusion on the settlement statement.
  • Notify Pinnacle Title if the buyer(s) is a first time Maryland homebuyer(s).
  • Notify Pinnacle Title of any fee changes or modifications to the purchase contract.
  • Make Pinnacle Title aware if any of the buyers are newly married.