BUYERS:

Starting the process:

CloSure Title will need a copy of your Real Estate Contract, signed by all parties, along with your contact information, to begin the processing of your closing.  Our Transaction Coordinator will contact you with detailed information about the closing process and provide you with our Transaction Timeline that will guide you through the process as well as wiring instructions for any funds required for your closing.  We will then order a title search.

Title Search and Examination:

The title search includes a search of the public records in the County/City where the property is located.  The searcher searches deeds, mortgages, liens, Wills, and many other records and provides this research to our Title Insurance Underwriter.  The underwriter reviews these documents verifying the owner of the property and any debts owed against the property.  Once the review is complete, the underwriter prepares a Title Commitment and the Title Commitment is provided to those involved in the transaction.

Processing:

Our closing staff of Escrow Officers will then review lender’s requirements/instructions, title requirements, contract requirements, communicate with the other parties in the transaction, review closing documents, review Closing Disclosures/Closing Statements for applicable charges, and schedule the closing date/time upon completion of review and confirmation that all requirements are met.

Your Closing:

Your Escrow Officer will oversee the signing of your documents with the Notary Public and closing with the Seller’s side of the transaction.  If you are working with your lender, you can expect to sign many documents at your closing.  If you should need to bring money to closing, you will need to be prepared to WIRE funds as we DO NOT accept Cashier’s Checks.  Our Transaction Coordinator will provide wiring instructions.

After Your Signing:

There is still much to be done after your signing.  Your Escrow Officer will confirm receipt of all funds required for closing and prepare your Deed (and Deed of Trust, if applicable) for recording.  Your Escrow Officer will send our Runner to the Seller’s Attorney/Settlement Agent to obtain the original deed for recording and then the Runner will travel to the County/City of the property to update the title search and record the applicable documents. At this point, the funds are disbursed per your Closing Disclosure/Closing Statement.  This is when the closing is OFFICIAL and you will be able to obtain KEYS to the property.  See your Realtor for information as to the KEYS.

For more information, please refer to your TRANSACTION TIMELINE and the FAQs on this website.

REFINANCE BORROWERS:

Starting the process:

Closure Title will need to obtain a Title Order or Title Request from your lender.  You may provide our contact information to your Loan Officer or provide our office with contact information for your Loan Officer in order for us to obtain the Title Order or Title Request.  Our Transaction Coordinator will contact you with detailed information about the closing process and will provide wiring instructions for any funds required for your closing.

Title Search and Examination:

The title search includes a search of the public records in the County/City where the property is located.  The searcher searches deeds, mortgages, liens, Wills, and many other records and provides this research to our Title Insurance Underwriter.  The underwriter reviews these documents verifying the owner of the property and any debts owed against the property.  Once the review is complete, the underwriter prepares a Title Commitment and the Title Commitment is provided to those involved in the transaction.

Processing:

Our closing staff of Escrow Officers will then review lender’s requirements/instructions, title requirements, communicate with the other parties in the transaction, review closing documents, review Closing Disclosures/Closing Statements for applicable charges, and schedule the closing date/time upon completion of review and confirmation that all requirements are met.

Your Closing:

Your Escrow Officer will oversee the signing of your documents with the Notary Public.  If you are working with a lender, you can expect to sign many documents at your closing.  If you should need to bring money to closing, you will need to be prepared to WIRE funds as we DO NOT accept Cashier’s Checks.  Our Transaction Coordinator will provide wiring instructions.

 

SELLERS:

Starting the process:

CloSure Title will need a copy of your Real Estate Contract, signed by all parties, along with your contact information, to begin the processing of your closing.  Our Transaction Coordinator will contact you with detailed information about the closing process and provide you with our Transaction Timeline that will guide you through the process.  Our Transaction Coordinator will need some information from you in order to process your closing, i.e., Names of anyone on title to the property; Social Security Numbers for all those who are on title; All Loan Account information for payoffs; a Post-Closing Address; etc.

Processing:

Our closing staff of Escrow Officers will then review all title requirements and contract requirements, communicate with the other parties in the transaction, review closing documents, review Closing Disclosures/Closing Statements for applicable charges, and schedule the closing date/time upon completion of review and confirmation that all requirements are met.

Your Closing:

Your Escrow Officer will oversee signing of your documents and closing with the Purchaser’s side of the transaction.  IF YOU ARE NOT ABLE TO SCHEDULE A TIME TO MEET AT OUR OFFICE BECAUSE YOU DO NOT LIVE LOCALLY TO THE AREA, PLEASE BE SURE TO LET YOUR ESCROW OFFICER KNOW THIS WELL IN ADVANCE OF YOUR CLOSING DATE.

After Your Signing:

There is still much to be done after your signing.  Your Escrow Officer will hold your signed documents until the Purchaser’s side of the transaction is in receipt of all funds for disbursement and is in a position to close and record the Deed.  FUNDS CANNOT BE DISBURSED TO THE SELLER UNTIL THE DEED IS RECORDED.  IT IS IMPORTANT TO NOTE THAT MUCH OF THIS IS OUT OF OUR CONTROL, HOWEVER, WE WILL DISBURSE FUNDS AS SOON AS WE ARE ABLE.

For more information, please refer to your TRANSACTION TIMELINE and the FAQs on this website.