This info-graphic titled ‘Four documents required for a Title Closing’ provides us an overview of papers required to buy some real estate. Closing refers to the final step in executing a real estate transaction. The closing date is set during the negotiation phase and is usually several weeks after an offer is formally recognized. The closing process officially begins once the seller gets, signs, and returns your purchase agreement. On the day of closing, ownership of the property is lawfully transferred to the buyer. Lenders catering a mortgage loan will often call for title search, title insurance, appraisal, land survey, and attorneys to be engaged.
Title companies have to oversee the closing on a home. Sometimes an attorney may do the home closing instead of the title company; it depends on where you reside and what means you choose. As your closing agent, the title company has the obligation of drafting documents, getting the buyer’s and seller’s signatures, making sure that all pieces of writing are sent to the right people, and distributing funds to respective parties.For more information, please refer to the info-graphic or Visit here: https://www.capitalabstract.com/four-documents-required-for-a-title-closing-infographic/
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