Friday, March 15, 2019

Proper Identification at the Closing Table

Did You Remember Your ID?

Marlen Rodriguez is President of HomePartners Title Services

Buying or selling a home is an incredibly detail-oriented process. Outside of either finding and agreeing to purchase your dream home or finding a buyer who is willing to make an acceptable offer for your current home, there are copious amounts of paperwork involved in getting to the closing table. 

Once you get to the table to sign closing documents, you won't want to waste a moment on an easily avoidable mistake like forgetting a proper form of ID. Not all identification documents are acceptable at closing, and some correct forms of ID might not have the correct signature. Simple enough, right? 

Not to worry. Marlen Rodriguez is our guest blogger today and has years of experience navigating the closing process with buyers and sellers during her time with our Family of Services division Title company, HomePartners Title. I'll let her explain it.

One of the most important items you need as you get to the closing table is proper identification. In order to defend against fraud and forgery, state notary laws include requirements that parties signing documents in real estate transactions provide acceptable forms of identification at closing.

The best documents include a valid state-issued driver’s license or non-driver ID, a United States passport, or a valid U.S. military ID. The documents must be current, have your photograph, physical description and signature of the party. They must also contain a serial, or other identifying number.

Unacceptable forms of ID include a temporary driver’s license without a photograph, Social Security card, employee ID badge, or a permanent resident ID card.

It’s also important to note that the signature on the closing documents must match the signature on the documentation that you bring with you to the closing table. An abbreviated form of signature may be acceptable, but you should clear this with your lender and your title agent prior to the actual closing date. A good tip is to discuss this with your title agent early in the process.

If you have any questions or concerns about forms of ID or signatures on documents, our representatives at HomePartners Title are ready to answer them and make sure you are prepared for your closing.

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