Most people want to be organized. Just look at Pinterest. There are tons of pictures (pins) of stylish filing systems, meticulously stacked storage containers and color-coordinated desk accessories. We envision ourselves living a clutter free existence, especially once we move into our new home. Unfortunately, organization falls prey to the daily grind. But if you’ve been wondering how long you should keep that stack of closing documents, ponder no more. Borrowing tips from Houselogic and Partner Xchange, see the graph below to understand at-a-glance what to keep after you close on your home.
- HUD-1 — used to calculate and document your profit, or gain, when selling a home.
- Deed and mortgage payoff statements — proves you own the home and the mortgage is paid off.
- Builder warranty — needed to file a claim.
- Condo rules & regs — for future reference.