Understanding what may be required when ordering a title insurance policy and preparing accordingly can help expedite the smooth closing of your transaction. When to Place Your Order When a title issue is found, additional time may be required to resolve concerns. Submit your request for title as early as possible to avoid delaying the closing. Prior Title Policy A discounted rate may be available if you provide your prior title insurance policy to the policy issuing office. New or Existing Survey If an existing survey of the property is available, the expense of a having a new survey may… read more →
We understand that by keeping you informed and helping you prepare for the closing day, the more likely you will have a stress free closing experience. Our courteous and professional staff is proactive in their communication and works diligently to ensure the orderly and efficient transfer of real estate…and we do it with a level of service and friendliness that is hard to beat in this industry. Here are 5 things NOT TO DO during the closing process: CHANGE YOUR MARITAL STATUS: How you hold title is affected by your marital status. Be sure to make both your lender and the title… read more →
Although closing procedures vary from state to state, having an understanding of what may be required at closing and preparing accordingly will help the settlement process go as smoothly as possible. LEGIBILITY OF SALES CONTRACT: If any element of the sales contract is difficult to read, supply supporting documentation in order to ensure the correctness of the transaction details. TRANSACTION FEE AND REAL ESTATE COMMISSION: Provide the amount to be listed on the HUD-1 Settlement Statement and the parties paying/receiving these fees. CONTACT INFORMATION: To help improve communication between all parties, please provide the following: LISTING AND SELLING AGENT: Email address, cell phone, office phone and… read more →
When the housing crisis and economic recession hit, it put many prospective homebuyers’ plans on hold, forcing those considering purchasing a home into the rental market. Now, as the economy continues to improve, some of those renters are looking to own. However, there are many factors to consider when buying a home. When it comes to the closing process, it is a good idea to know the terminology that will be discussed. This can help make the situation much more comfortable and professional for all parties involved. Below are some of the terms that may be discussed during the closing process: ANNUAL PERCENTAGE RATE (APR)… read more →
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