Just trying to make sense of the contracts + documents available in the community
Hey everyone, I just recently joined the community and was just exploring the classroom. I stumbled upon the resources section, which had a Google Drive containing multiple contracts + documents.
For the light closing documents, I assumed that these are the bare minimum documents that you had to prepare for a closing packet. Would this be accurate?
Also, what's the difference between the affidavit of understanding, assignment of claims, assignment of rights to contest taxes and liens, and confirmatory release? I'm trying to understand when or in which situation these documents should be used. Thanks!
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Francisco Avancena
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Just trying to make sense of the contracts + documents available in the community
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