You've signed the contract on your new DMV home. So, what happens now? A real estate attorney explains the typical 30- to 45-day closing timeline and the parallel processes that have to happen before you get the keys.
It’s the final stretch of your home purchase. Your belongings are mostly in boxes, the rooms are starting to echo, and your mind is fixed on getting the keys. Then, an email arrives with a subject line about your “Closing Disclosure.” It’s a critical document, and it comes with a mandatory waiting period. But what is a Closing Disclosure, really? And why does the law insist you take three days with it before you can officially close?