Before you reach the closing day, you will want to make a decision as to how you will "hold title" to the property. This decision has legal, tax and estate planning ramifications. Therefore, it may be prudent to consult an attorney or certified public accountant (CPA).
The following information is supplied for informational purposes and should not be relied upon as legal definitions.
Buying with Others
Additional Ways to Hold Title
It is the job of the title agent or closer to explain the documents that you sign. They are a standard set whether your loan is Fannie mae, Freddie Mac or FHA. They will be very similar to the documents you signed in the beginning of the process.
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