Preparation of Documents
We begin by gathering and preparing all the necessary documents for closing. This includes the deed, loan documents, settlement statements, and any other paperwork required for the transaction. Our meticulous attention to detail ensures that everything is correctly prepared to prevent any delays.
Title Review and Insurance
Before closing, we conduct a final review of the title search results to confirm that the property’s title is clear of any outstanding issues or encumbrances. We also arrange for title insurance, providing you with protection against potential title defects or claims that could arise after closing.
Settlement Statement
We provide a detailed settlement statement, also known as the HUD-1 or Closing Disclosure, which outlines all of the transaction’s costs, including loan fees, escrow charges, and title insurance premiums. Our team will walk you through this statement, answering any questions you may have to ensure complete understanding of the costs involved so that there are no surprises at closing.
Closing Day
On the day of closing, both the buyer and seller (or their representatives) will meet to sign the final documents. We facilitate this process by coordinating with all parties involved, ensuring that the signing is smooth and efficient. We also manage the collection and disbursement of funds, ensuring that all payments, including closing costs, taxes, and agent commissions, are properly handled.
Recording and Finalization
After all documents are signed and funds are disbursed, we handle the official recording of the transaction with the Tallapoosa County Recorder’s Office. This step finalizes the transfer of ownership, and the property is officially yours. We provide you with copies of all signed documents for your records.
