Straight Talk About Real Estate

Loan documents are what the buyer needs to sign to secure the loan they are getting to buy the house. The documents detail the terms of the loan.

Loan documents are usually signed a few days before closing. If there are any mistakes on the loan documents, such as a mispelling of the names, a missing number on the address, or the wrong date, the buyer should not sign them. The documents cannot be crossed off or changed. If any part of the document is wrong, they need to be redrawn before the buyer should sign.

This is one of the things that will cause an escrow closing to be delayed.