[ AFTER THE CONTRACT HAS BEEN SUBMITTED ]
[ ORDERING THE TITLE WORK ]
[ BEFORE THE CLOSING DAY: ]
[ DAY OF CLOSING ]
ORDERING THE TITLE WORK:
- Be very clear about the legal description of the property you are buying, selling or borrowing against.
- Be prepared to pay off any liens against your property (i.e. mechanics’ liens, judgments of the court) and to meet the terms of a divorce decree, if applicable.
- Do disclose bankruptcy at the outset. Your closer will work with your trustee and the courts to assure that the necessary approval is obtained prior to closing.
- Determine who is making the phone call to schedule the closing appointment. Is it you, your lender, your real estate agent?
- Expect to take off work for your closing. Allow at least an hour at the office if you are buying a property AND borrowing money for the transaction. Sellers do not have as many papers to sign.
- Confirm that your title research has been completed at the time you schedule closing, and request a copy, if desired. (Copies will have already been provided for your closer, your real estate agent, your lender, and other parties according to your instructions.)
- When scheduling, keep in mind that month-end is a high-volume time at title companies, and it may be more difficult to get the time of day you prefer.
- If you need an after-hours closing appointment, these must be scheduled in advance, and there are likely to be additional fees.
- Notify all parties if there is any change in the date, time or place of closing.
- Confirm with all parties that they can be present for the closing. EVERYONE named on the deed under which title is held must sign the new deed granting title. Have a plan for getting everyone there or discuss alternatives with your closer.