| What information is included in a
prelim? |
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Owner, legal description, tax information
and valuations, tax district, parcel number, lot dimensions,
copy of current deed and property record card. Prelims do not
include information relating to liens on the property. |
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| How do I get my buyer's loan to close
with Home Services Title, LLC? |
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Instruct your buyer and/or their
loan officer to send the order to us via fax, our website or
by phone. |
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| Can you take personal checks at closing? |
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Maximum amount of a personal check
is $1000. Only 1 personal check can be accepted on a buyer's
behalf. |
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| My Seller is upside down and will
owe $792.00 at closing. Can he write a personal check? |
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NO! Our policy requires certified
funds for any amount owed at closing by a SELLER. |
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| Are money orders considered to be
'good funds'? |
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YES. Acceptable forms of good funds
can be money orders, certified checks, cashiers checks, official
checks, credit union checks or wires. |
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| Can you take cash? |
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YES. Not to exceed $9,999.99. |
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| Can we show $2,500 carpet allowance
on the HUD? |
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If a lender is financing the transaction,
typically their answer is NO. |
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| Can you cut a check directly to the
buyer for the $2,500? |
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If the check for repairs can't be
cut directly to a 3rd party (contractor), it is best for these
scenarios to be handled outside of our closing. We look at these
requests on a case by case basis. NO on 100% financing (conventional
or VA). |
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| Can the Seller tell me what title
company I have to use? |
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NO! Whoever is paying for the title
insurance gets to choose the title company. |
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| I'm not sure who to ask for when
I call your office? |
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The corporate office receptionist
can direct your call if you tell her your need(s). All of our
staff are posted on our website with their job descriptions
and photos. |
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| I've just listed a CONDO, what extra
information will be needed for closing? |
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When listing a condo, or a property
with a Home Owners Association (HOA), please ask the seller
who manages the HOA and get a phone number. A letter stating
the current status of the dues is required, as well as a copy
of a master insurance policy certificate for our property. |
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| If my seller bought the property
years ago before he was married, does his spouse need to sign
anything at closing? |
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YES! The spouse will need to sign
the deed over to the new buyer at closing conveying her dower
interest to the new owner. |
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| My buyer is married, but his wife
isn't on the loan. Does she need to attend closing for any reason? |
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YES! The spouse will need to sign
the mortgage document (and some other miscellaneous documents)
in order to mortgage her dower interest in the property. |
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| My buyers are getting a VA loan.
Does the termite report have to be an original? |
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YES! It's a requirement of any FHA
and VA loan to have an original termite report less than 90
days old at closing. |
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| Do you need my seller's SSN for any
reason? |
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YES! Please get social security numbers
for your sellers at the listing appointment. These are most
often needed in order to request and obtain payoff quotes on
their current mortgage(s). |
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| What is the difference between a
General Warranty Deed, Limited Warranty Deed and a Quit Claim
Deed? |
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- A General Warranty Deed conveys marketable title
and all the grantor's right, title and interest to the grantees.
- A Limited Warranty Deed conveys marketable title
from the grantor and that he/she does warrant and will defend
the same to the grantee. He/she makes NO promises so far
as the former owners of the property.
- A Quit-Claim Deed conveys whatever
interest a grantor has to the grantee. He/she makes NO representations
as to title.
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