BUYER RESPONSIBILITIES

Have a question or ready to get started? Contact us today.

ITEMS YOU WILL NEED FOR THE CLOSING

Funds Needed

As the lender’s counsel, we will prepare a document called the “HUD Settlement Statement.” This is an itemization of all amounts due to and from the parties. Although we strive to provide at least 48 hours advance notice of the final amount needed, this is at times difficult due to several factors. There are many times when the “CTC” (lender’s clear to close) occurs less than 48 hours prior to closing, so we may not have the final numbers from the mortgage lender in a manner to allow as much advance notice as we would like. Once you have the final amount, you may either wire that amount to our “IOLTA” closing escrow account, or can obtain a bank treasurer’s check. We ask that the check be made payable to you, and be endorsed to our office at the time of closing. Adjustments for taxes, fuel and rents, if applicable will be completed at closing. Please bring a check with you to the closing in case of last minute adjustments such as fuel or utilities that need to be accounted for.

DO YOU RECOMMEND TITLE INSURANCE?

Every real estate attorney practicing in Massachusetts will answer yes, Kellem Baird Cavanagh LLC included.  The implications of a title issue can be so substantial that we always recommend the purchase of a policy.  Considering the price of the home, you can understand why.

Valid Driver’s License

All lenders require a license and some lenders will request that you bring an additional form of identification.

Title Insurance

Lenders require the procurement of a lender’s title insurance policy. If you review the good faith estimate provided by the lender, you will see the premium for this insurance. Generally, title insurance provides protection against most defects in the title to the property that is being purchased and mortgaged. The lender’s policy protects only the interests of the lender (in the event the lender ever becomes the owner of the property), and does not protect you. Given the amount of your investment, it is generally considered prudent to purchase for an additional premium an “owner’s title insurance policy.”

Contact Us

Areas of Expertise

Buying or selling a home is one of the most important financial decisions you can make. From reviewing property history to resolving title issues and liens, we work diligently to ensure every detail is addressed so you can move forward with confidence. 

Buyers

Sellers

Title Insurance

FAQs

  • You guys are great - nice to know when my world feels tipped upside down with moving, someone has me competently covered. Good customer service is a gift when you are under pressure of a home sale. Great, competent & friendly customer service is even better. I really do appreciate it. Looking forward to working with you again!

  • We had a recent closing with KBC and had a quick and enjoyable encounter. Steve and his team are the ultimate professionals. They work closely with mortgage companies, real estate agents, banks, buyers and sellers to deliver a satisfying, seamless, no-pressure experience. We appreciate their knowledge and professionalism and would refer them to anybody in need of their services. Thanks for everything!

  • I just want to thank all of you. I felt I had an exceptional team supporting me in the sale of this house. It was complicated every step of the way, but I had sound advice and excellent resources. I could not have sold this house without you, especially working remotely. Thank you for fielding my last few questions. I should have known that you had already thought through and addressed my random concerns. It’s been a pleasure working with you all. All of you have my utmost respect.

    - Signe

  • When the team at KBC is handling a closing for Jack Conway & Company and Conway Financial Services, we know the process will go smoothly. Their expertise, caring and quick turnaround provides both our sales professionals and our buyers and sellers with complete confidence and peace of mind. Huge thanks goes to everyone at Kellem. Working with you for the past 25 (Steve -maybe more?) years has been like working with family!

    - Carol Conway Bulman, President/CEO, Jack Conway & Company

  • …we have been running around as you can imagine! It was really great to work with you Mike and thank you for working with us so patiently in our buying our new home. Thanks for the link with tips and resources, very kind of you.

    - Robin and CJ

  • Kellem was great to work with on closing on a house purchase. I would highly recommend using their services.

    - Shawn Moloney

  • Dear Steve, Jill and Team, Thank you so much for all of your efforts during our home buying process. It was a pleasure to work with you all!

    - Danielle R and Tom D

Our Offices in Hingham & Marshfield

We know that buying a home can be a stressful process. It was important to us to provide a professional yet comfortable environment for you to take care of business. Both our Hingham or Marshfield offices are easily accessible from all routes.