Your big day is almost here! Real Land Title has been working with all the parties to the transaction to get your paperwork in order. Here’s what you can expect at your closing.
From the moment the seller accepts the buyer’s offer, Real Land Title becomes the intermediary between all parties to coordinate the flow of documents and finalize the transfer of the property at the closing.
The contractual agreement between buyer and seller on purchase price and date of closing.
From the moment the contract is accepted, your Real Land Title closing specialist will keep you informed of the progress of your transaction.
A title search is performed by the title company to uncover any title or ownership issues with the property.
Real Land Title performs comprehensive title searches to uncover defects, undisclosed heirs, liens and judgements, encroachments or anything else that could render the title unmarketable.
The title commitment is a report that summarizes the findings of the title search.
Real Land Title provides the buyer with a title commitment that clearly highlights title defects and/or competing ownership claims, and is always available if you have questions.
The title now needs to be cleared of any issues before a title insurance policy can be issued.
Real Land Title takes care of any title issues uncovered in the title search with the seller and their agent.
The closing day can now be scheduled.
Real Land Title will schedule the closing weeks in advance and begin gathering all necessary documentation for the closing.
The closing is an appointment where the buyer and seller, their representatives and the settlement officer review and sign final paperwork necessary to transfer the property.
You will have a signing agent to walk you through the paperwork you are signing, and your Real Land Title closing specialist will be on hand to help if you have any questions.
Title is transferred from the seller to the buyer and recorded with the county or parish in the deed.
Real Land Title uses the latest settlement software to make this final step a breeze. Closing funds are distributed as outlined in the Closing Disclosure.
The title insurance policy is issued shortly after closing day.
Your Real Land Title closing specialist will be in communication until the moment your title insurance policy goes into effect.
The contractual agreement between buyer and seller on purchase price and date of closing.
From the moment the contract is accepted, your Real Land Title closing specialist will keep you informed of the progress of your transaction.
A title search is performed by the title company to uncover any title or ownership issues with the property.
Real Land Title performs comprehensive title searches to uncover defects, undisclosed heirs, liens and judgements, encroachments or anything else that could render the title unmarketable.
The title commitment is a report that summarizes the findings of the title search.
Real Land Title provides the buyer with a title commitment that clearly highlights title defects and/or competing ownership claims, and is always available if you have questions.
The title now needs to be cleared of any issues before a title insurance policy can be issued.
Real Land Title takes care of any title issues uncovered in the title search with the seller and their agent.
The closing day can now be scheduled.
Real Land Title will schedule the closing weeks in advance and begin gathering all necessary documentation for the closing.
The closing is an appointment where the buyer and seller, their representatives and the settlement officer review and sign final paperwork necessary to transfer the property.
You will have a signing agent to walk you through the paperwork you are signing, and your Real Land Title closing specialist will be on hand to help if you have any questions.
Title is transferred from the seller to the buyer and recorded with the county or parish in the deed.
Real Land Title uses the latest settlement software to make this final step a breeze. Closing funds are distributed as outlined in the Closing Disclosure.
The title insurance policy is issued shortly after closing day.
Your Real Land Title closing specialist will be in communication until the moment your title insurance policy goes into effect.
Depending on the specifics of your transaction, there may be as many as eight to ten people at the closing.
The closing or settlement is the final step in a real estate transaction. The buyer meets with a signing agent to review and sign the Closing Disclosure and documents from the mortgage lender, if applicable, and title company. The title to the property is officially transferred from the seller to the buyer, and money is distributed from the buyer to the seller and other parties.
Here’s what you can expect on closing day:
Arrive at the Closing : Your signing agent will be there to guide you through the settlement.
Execute Documents : Your signing agent will make sure that you understand the documents that you are signing. If you have questions, your Real Land Title closing specialist will be available to help.
Notarization and Quality Control : The signing agent will verify and notarize your signature and affix their seal. Your closing specialist will review the documents to make sure nothing is missing.
Party Time : That’s everything. Congratulations, it’s time to celebrate!
