House For Sale Sign

Closing & Settlement

We provide the complete closing process. We work directly with your realtor, banks and other third-parties involved to ensure a smooth transaction at the closing table.

TITLE EXAM

A title exam is when the property is researched for judgments, liens, deeds of trust, unpaid taxes, and the chain of title. An exam is done to ensure a clean transfer of title.

TITLE COMMITMENT

A title commitment is the title company's promise to issue a title insurance policy for the property after closing. The title commitment contains the same terms, conditions, and exclusions that will be in the actual insurance policy.

CLOSING STATEMENT

The Closing Statement is a standardized mortgage lending form in use in the United States of America in which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions. The Closing Statement is a five-page form that provides final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).

HUD-1

The HUD-1 settlement statement is used for cash transactions and commercial loan transactions. 

CLOSING

Closing is the final step in executing a real estate transaction. The closing date is set during the negotiation phase, and is usually several weeks after the offer is formally accepted. On the closing date, the legal settlement documents are signed and the ownership of the property is transferred to the buyer.

PURCHASE

  1. Open File

  2. Communicate with buyer, lender (if loan), realtor (if there is a realtor)

  3. Order title search

  4. Once title search comes back, prepare title commitment and submit to lender

  5. Clear all title issues

  6. Prepare settlement statement/ docs

  7. Receive lender settlement docs

  8. Proceed to settlement

  9. Record deed(s)

  10. Disburse funds

  11. Issue title policy

REFINANCE

  1. Open File

  2. Communicate with borrower, lender

  3. Order title search

  4. Once title search comes back, prepare title commitment and submit to lender

  5. Clear all title issues

  6. Prepare settlement statement/ docs

  7. Receive lender settlement docs

  8. Proceed to settlement

  9. Record deeds

  10. Disburse funds

  11. Issue title policy

SALE

  1. Open File

  2. Communicate with seller, realtor (if there is a realtor)

  3. Request title commitment from buyer side

  4. Prepare deed

  5. Receive settlement docs from buyer side

  6. Proceed to settlement

  7. Forward signed docs to buyer side