※ The balance of the purchase price is 90% of the purchase price (The deposit of 10% is paid at the contract).
※ If the Buyer is taking a mortgage, the bank will prepare a check for the amount of the loan at closing.
※ If Seller has a balance of remaining loans, the loan amount will be deducted from the Sales price paid at the closing.
In case you can not be present at the closing, you must arrange for a power of attorney. A principal uses a power of attorney to designate an agent to execute documents and take other actions on his or her behalf. The document must be notarized.