You know the saying, 2 eyes are better than one? This is one of the biggest investments you will ever sell or purchase. Protect yourself and your investment.
When you use title a company with an attorney on the premises, you usually may ask questions any time.
There are no additional cost for spilt closings in most cases.
When Complete Realty, LLC has the listing.
Title company customer: Seller
At the listing our office orders “Pre-listing” title work. This title work shows us what documentation and action must be taken to give the purchaser a clear title to the real estate.
Ex. Tax liens must be paid.
Divorce papers submitted
Proof of Trust
At this time the title company also learns what mortgages are associated with the real estate. The title company verifies the mortgage company listed as a lien holder is actually able to sign and release the mortgage note attached to the real estate.
The seller side cost insures the title to the real estate is clear. Free of liens and clouds.
The title company we use has an attorney at the office available to the seller if questions arise.
Purchaser agreement time: if the purchaser agrees to use the same title company, then we order full title work. The deed is prepared by the seller’s title company. Same title company used by both parties causes the clients of the title company to be seller and purchaser. If the purchaser chooses to use a different title company, then information is exchanged.
When Complete Realty, LLC has the purchaser:
Title company customer: Purchaser.
A time of purchase agreement or just before, the purchaser’s title company verifies the mortgage company listed as a lien holder is actually able to sign and release the mortgage note attached to the real estate. (Sometimes other listings agents don’t do this process up front). Purchaser side title work is ordered.
The purchaser’s title company will review the deed prepared by the seller’s title company to assure information is interpreted correctly.
The purchaser side cost is for the title company to insure to the lender and purchaser that the property is free of liens and clouds. If a lien from the past comes up, the title company will resolve with various methods.
When is time to transfer rights and funds, each party signs documents with the title company they are working with.
Each party leaves happy!!!
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