Basic questions about closing

[Gary Dezoysa]

Hi, I have a few basic questions about closing from the wholesaler's vantage point. Any answers will help me a lot, thanks!

1. How is a closing date settled? Where do the parties meet?

2. What papers are to be signed by each party? I understand a purchase agreement will be signed in advance. I know there is a HUD-1 that lists all fees in the closing. Beyond that I don't know what other papers there are.

3. How does the wholesaler actually get paid since he is not at the closing?