SAVE on Title & Settlement Services
The Closing & Settlement Process
Starting the Process
An "escrow" or "sales" contract (agreement to sale) starts the process by opening a title order. Then the file gets processed. This is when tax information, loan payoffs, survey if necessary, homeowner / maintenance fees, inspections / reports, and hazard and other insurances as well as legal papers are ordered and title commitments / preliminary reports are reviewed and sent out.
Title Search and Examination
This is a search made of the public records. Records searched include deeds, mortgages, paving assessment, liens, wills, divorce settlements and other documents affecting title to the property. Title examination is the examination of the documents found during the title search that affect the title to the property. This is when verification of the legal owner is made and the debts owed against the property are determined.
Document Preparation
Reveiw lender instructions / requirements, review instructions from other parties to transaction, review legal and loan documents, assemble charges, and prepare closing statements and set closing.
Settlement / Closing the Transaction
Settlement Officer Oversees Closing
Seller signs deed, buyer signs new mortgage, old loan is paid, and new mortgage is signed. Seller, real estate professionals, attorneys and other parties to the transaction are paid. Documents are recorded in the county in which the property is located.
Post-Closing
After the signing has been completed, the title agent will forward payment to any prior lender, pay all parties who performed services in connection with your closing, and pay out any net funds to the seller before recording the documents with the county. This all happens without any needed involvement from the buyer or seller.
Let's Get Started. Why Wait? Contact Us Today!
Services
Our comprehensive portfolio of services to assist you in every facet of the real estate settlement process.
- Residential Title/Closing Services
- Commercial Title/Closing Services
- Sale-By-Owner Services
- Property Searches
- Property Reports
- Title Searches
- Title Commitments
- Title Insurance
- Judgment Searches
- Disbursement Closings
- Non-Disbursement Closings
- Document Preparation
- Owner & Encumbrance Reports
- Due Diligence Reports
Have a Question? Just Ask!
TitleWorks.com
With over 25 years of experience in all facets of Real Estate and Lending transactions, we are well-equipped to assist Buyers, Sellers, Real Estate Professionals, Lenders, Investors, Banks and Credit Unions in conducting real estate transactions with the precision and execution that the industry demands.
TitleWorks.com powered by SettlementEngine
DISCLAIMER: The calculators contained herein are made available to you as a self-help tool for illustrative use only. Examples are hypothetical. We can not and do not guarantee the applicability or accuracy in regards to your individual circumstances. The information contained herein is provided by way of general information only, and is subject to rate changes and does not apply to all states. Some states require regulated fees and may not be subject to discounts. Please speak with your title agent for more information. Accordingly, TitleWorks.com/Settlement Engine, Inc will not be held liable for any use of these calculations or information herein in your particular real estate transaction.
Copyright© 2023