With cash purchases the closings the closing room fee is often "split" between the buyer and seller, so feel free to ask your attorney to request that during attorney review.
The attorney will guide you through all other documents at cllsing and explain the expenses and fees on the Settlement statement or RESPA.
Chicago Real Estate Artists
It's not so much what documents that you need, its more about what you'll find at the signing table!!
Buyng a home is an important financial and legal event. As such, you will need an experienced Chicago closing lawyer to protect your interest and to make sure any tax liens have been satisfied, that the title to the property is free and clear of any encumbrances and all of the documents have been properly drafted and signed. For a FREE consultation about your real estate closing issues, call Mark Brosius at 773 704 4168. or read more about him here http://www.urbchicago.com/real_estate_closing_attorney_lawyers
The Government and Escrow Company wants to see that the money is legitimate.
If you are resident in the US then Bank Statements, if you are a foreign investor
they want funds wired to Escrow Co. / Title Co. from a a US Recognized Bank account.
You also need a good agent or lawyer to guide through the Paperwork of buying a home
as well as proper inspections and disclosures.
If you are buying with All Cash on Court Steps then it is a different ball game.
And understand that you CASH will make the transaction a little easier and quicker, but it will not solve every problem:
You need to have your inspections; General, Roof, Pest, (whatever)
You will want to get your Home Insurance, although you won't have to put the Binder in the Escrow.
You will be collecting a lot of papers; DISCLOSURES, INSPECTIONS, ADVISORIES, HUD1, etc.
Your Realtor can fill in the blanks.
I just had a horrible thought; you surely don't believe that because you are paying CASH, that you do not need a Buyer's Agent, do you?
Who's protecting your rear?
Then what your local real estate transactions require. Contract, Agency, etc.