The school closing information provided on this website is supplied by the school districts, charter schools, and private schools who utilize the Delaware Notification Services (DNS) system. The closing information is updated on the website as the schools send such notification via DNS. If your school has a closing, and you do not see it listed here, first try a page refresh. If you still do not see your school’s closing information, please contact your school directly.
Among the documents that both the buyer and the seller sign are an Affidavit indicating the source of the funds the buyer is using to purchase the property, and a Settlement Statement showing all the costs associated with the transaction. This statement, required by the Real Estate Settlement Procedure Act of 1974 (RESPA) (12 . § 2601 et seq.), is required in all transactions involving a mortgage from any lender whose funds are federally insured or regulated. RESPA mandates full disclosure by the lender of all the terms and conditions of the loan, as well as a good-faith estimate of the buyer's closing costs. These may include fees for the loan origination process, credit report, appraisal, title search, survey, and administrative procedures.