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Explaining the responsibility of paralegal

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1. At settlement, the paralegal is responsible for a host of documents, including mortgage and financing forms. List five examples.

  1. What are some of the tasks that the paralegal is responsible for at closing?
  2. What times of entries on a settlement sheet are prorated?
  3. What circumstances may call for an escrow deposit at closing?
  4. During the closing and settlement process the paralegal must be certain that payments to governmental authorities are fully paid and properly prorated. Which of these are allocated to the buyer or the seller? list for each.
  5. What are the types of charges on the settlement sheet the seller is expected to pay?
  6. What types of government-required documents must be signed at closing?
  7. What is the difference between a RESPA and a non-RESPA settlement sheet?
  8. What are the recordation procedures and costs in Lee County?
  9. What types of funds are normally escrowed?

Reference no: EM133037943

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