This means that these documents are filed with the county clerk who put indexes them and makes a photocopy available for public inspection. By doing this, any party can determine whether you have good title to your home. The buyer's warranty deed and security deed must be recorded at the county courthouse. The county charges a fee to record these documents. The closing attorney will send these documents to be recorded.
Reserves See Escrows.
This document is often called a mortgage. It pledges the house to the lender to secure the loan. The security deed gives the lender the right to foreclose if the loan is not paid. The Settlement Statement, or closing statement, is a summary of all funds paid or received by the buyer and seller at closing. The closing attorney prepares the Settlement Statement.