Legal Information Notice: This checklist provides general educational information only. It is not legal advice, does not create an attorney-client relationship, and may not apply to your jurisdiction or circumstances. Laws and deadlines vary. Do not rely on this checklist for a specific legal decision or deadline; consult a qualified attorney licensed in the relevant jurisdiction.
“The price of the property isn’t the same thing as the cost or legal risk of owning it.”
The CFPB recommends carefully reviewing closing documents and notes that buyers may want their own attorney to review documents depending on circumstances.
- ☐ Verify who owns the property.
- ☐ Review title.
- ☐ Review liens.
- ☐ Review easements.
- ☐ Review restrictions.
- ☐ Review zoning.
- ☐ Review permitted use.
- ☐ Review the purchase contract.
- ☐ Understand contingencies.
- ☐ Verify inspection rights.
- ☐ Review survey issues.
- ☐ Review title insurance.
- ☐ Understand closing costs.
- ☐ Review financing terms.
- ☐ Review environmental concerns.
- ☐ Verify property taxes.
- ☐ Review HOA restrictions.
- ☐ Review leases for investment property.
- ☐ Review tenant obligations.
- ☐ Verify representations.
- ☐ Document negotiated repairs.
- ☐ Review closing documents.
- ☐ Verify wiring instructions independently.
- ☐ Don’t sign documents you don’t understand.
- ☐ Preserve every transaction document.
The CFPB specifically warns consumers about last-minute mortgage closing scams involving fraudulent wiring instructions.
Premium Checklist
Property → Title → Contract → Financing → Inspection → Restrictions → Closing → Ownership
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