A property title search is a close examination of all public records that involve title to a specific property. The property title search is conducted to verify that there are no liens or other claims against the property title other than those scheduled to be erased at ..See More
Real Estate Closing
A Real Estate closing is a final step in buying or selling a house. At the closing, the seller will receive payment, mortgage payouts and less closing costs. He will also sign the deed over to the buyer and hand over the keys to the property. The buyer comes in possession of the real estate and pays the agreed amount of money to the seller. It seems simple, but it can get difficult without the help of a real estate closing agent. During the real estate closing, the buyer or a title company, notary or a lawyer registers the new deed with recorder’s office or local land registry office. This verifies the validity of the seller’s signature. The buyer’s name is also on the deed, but he is not required to sign the document.
The final step in real estate closing is recording the deed in the county courthouse. A part of the closing costs include recorder’s fee and conveyance taxes. Closing costs may also include taxes and insurance.
Based on the sales contract, the real estate title is transferred from seller to the buyer. The costs of real estate closing vary depending on the contract, state and federal laws, as well as local laws and custom.
Our services include an escrow agent that will serve as a third party who will coordinate the real estate sale and activities. The escrow agent provides both parties with a closing statement. This statement contains the list of all costs of conducting the transaction as well as information regarding if the expenses will be divided between the seller and the buyer.
Before closing the deal, the real estate closing agent will inspect the title evidence, the seller’s deed, and the exact boundaries of the property, to verify if there are any leases and proof that encumbrances have been removed. When you are closing in escrow, it is not necessary for both parties to be present. The escrow agent is usually representative of the title company that conducted the title search, property lien search and issued a title insurance policy. The agent holds the money and the signed deed and ensures an orderly transaction or a termination of the agreement.