A closing agent is a neutral third party that follows the instructions of your lender, realtor, attorney and buy-sell agreement to complete the sale or purchase of your property.
An agent gathers information from many sources to create the final Settlement Statement such as payoff information, tax information, deed preparation and commission amounts.
A title is the foundation of property ownership. It is a protective document and policy that insures the owners right to possess and use the property.
Title insurance is your policy of protection against loss from any of these types of problems; Contractors Lien, Quit Claim Deeds, Road Easements, Shared Wells, exclusions and Mineral Rights (this is just a partial list). Even a "hidden hazard" can result in a claim against your ownership.
A title search is a detailed examination of the historical records concerning a property. These records include deeds, court records, property and name indexes, and many other documents. The purpose of the search is to verify the sellers right to transfer ownership, and to discover any claims, defects and other rights or burdens on the property.
A title search can show a number of title defects and liens, as well as other encumbrances and restrictions. Among these are unpaid taxes, unsatisfied mortgages, judgments against the seller and restrictions limiting the use of the land.
The closing officer will explain all documents to you and answer any questions you have. You will then sign the necessary papers and the closing officer will notarize them.
Provide a signed Buy / Sell Agreement or Contract for sale or for deed
Earnest Money or Down Payment may be a Certified Check or a Cashiers; made out to Guardian Title Inc. please reference the property address or file number on the check
Provide all signed and dated counter offers and/or addendum’s or any other contract altering documents
Any documents supporting party identification ie; trust indentures, powers of attorney, quit claim deed requests, drivers license or US citizenship documents, etc.
After the closing, the records will be searched again and then the new documents will be recorded to change title.
Disbursement happens after recording, so if closing happens in the afternoon, recording might happen the next morning, or business day.
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