WHAT CAN I EXPECT TO HAPPEN ON CLOSING DAY?
You'll present your paid homeowner's insurance policy or a binder and receipt showing that the premium has been paid. The closing agent will go over the HUD -1 settlement statement.  The closing person will go over the closing costs listed on the HUD -1 statement.  Then go over the money you owe the seller (remainder of down payment, prepaid taxes, etc.) and then the money the seller owes you (unpaid taxes and prepaid rent, if applicable). The seller will provide proofs of any inspection, warranties, etc.

You will be signing a lot of documents, so get your hand ready.  Once you're sure you understand all the documentation, you'll sign the mortgage, agreeing that if you don't make payments the lender is entitled to sell your property and apply the sale price against the amount you owe plus expenses. You'll also sign a mortgage note, promising to repay the loan. The seller will give you the title to the house in the form of a signed deed. 

Usually the mortgage documents all come the lender.  If you don't sign the document, you do not get the loan, and you will not get the house. It is the bank's money and if you want it you have to sign their documents promising to repay them.

The deed and mortgage will then be recorded in the state Registry of Deeds, and you will be a homeowner.

You will find out when you will get possession of the house and the keys.

Congratulations on your Oakland county home, or Wayne county home! 

Search for Lakefront Homes for Sale in Clark Lake in Commerce Twp. MI

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Search for Oakland County lakes by size, making it easier to find exactly what you're looking for. 

Consider these lakes when searching for your next home : Townsend Lake & Bullard Lake

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