We understand the distinction between a house and the place you call home.
Our escrow and settlement services experts are well-versed in the specifics of your local market and adept at handling all types of transactions, including residential and commercial resales, new construction, refinancing, relocation, and timeshares.
By choosing to work with us, you are selecting a dedicated partner committed to addressing your immediate needs while fostering a reliable, long-term relationship. We will collaborate closely with you throughout every stage of the closing process, ensuring you feel confident and comfortable during the entire real estate transaction.
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Step 1: Starting the closing process
A sales contract is signed by both the buyer and seller and then delivered to the closing agent, typically along with a deposit check. The escrow is accepted by the escrow agent, often noted in writing on the contract. The escrow agent initiates the closing process by opening a title order, and the file processing begins. This includes ordering tax information, loan payoffs, surveys (if needed), homeowner/maintenance fees, inspections/reports, hazard and other insurances, and legal documents. Additionally, a title search is ordered.
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Step 2: Title Search & Examination
This process involves searching public records, including deeds, mortgages, paving assessments, liens, wills, divorce settlements, and other documents that affect the property's title. Title examination entails reviewing the documents discovered during the title search to determine their impact on the property's title. This step verifies the legal owner and identifies any debts owed against the property. After the search and examination are completed, a title commitment or preliminary report is prepared, reviewed, and sent to the interested parties.
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Step 3: Document Preparation
The closing agent reviews the new lender's instructions and requirements, as well as instructions from other parties involved in the transaction. They examine legal and loan documents, compile charges, prepare closing statements, and schedule the closing.
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Step 4: Closing the Transaction
The escrow or settlement agent manages the transaction's closing process. The seller signs the deed and closing affidavit, and the buyer signs the new note and mortgage. The existing loan is settled, and payments are distributed to the seller, real estate agents, attorneys, and other parties involved in the transaction.
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Step 5: After Closing
After the signing is completed, the escrow or settlement agent will send payment to any prior lender and pay all parties who provided services for the closing, if they have not already been paid. The transaction documents are recorded in the county where the property is located. Title insurance policies are then prepared and sent to the new lender and to you. All of this occurs without any further action required from the buyer or seller.
Getting started is quick & easy
Contact us today to begin the escrow process and ensure a smooth and efficient closing for your transaction. Our experienced team is ready to assist you every step of the way.
Let's get down to business!
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