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Which of the following is an important postclosing procedure for the home buyer?

A. Closing on the mortgage loan

B. Recording of the deed

C. Evidencing title

D. Securing hazard insurance

User Heschoon
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1 Answer

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Final answer:

One important post-closing procedure for the home buyer is securing hazard insurance option (d). Other important procedures include closing on the mortgage loan and recording the deed.

Step-by-step explanation:

One important post-closing procedure for the home buyer is securing hazard insurance. Hazard insurance, also known as homeowners insurance, protects the homeowner from financial losses due to damages to the property caused by covered perils such as fire, theft, or natural disasters.

Securing hazard insurance is essential because it provides protection and peace of mind in the event of unexpected damage to the home. The home buyer needs to select a reputable insurance provider and ensure that the policy adequately covers the value of their home and belongings.

In addition to securing hazard insurance, other important post-closing procedures for the home buyer include closing on the mortgage loan. This is the final step in the home-buying process where the buyer signs the necessary documents to receive the funds for purchasing the property.

Recording of the deed is another crucial post-closing procedure. This involves filing the deed in the public records office to establish legal ownership of the property and protect the buyer's rights.