REMINDERS FOR SELLERS
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Things to consider before closing.
ARE YOUR LOAN PAYMENTS WITHDRAWN AUTOMATICALLY?
- If so, you may want to contact your current lender and ask them to stop any automatic withdrawals. Sometimes communication that your loan has been paid off can be slow in reaching the department in charge of automatic withdrawals.
HAZARD INSURANCE (FIRE,FLOOD,ETC.)
- After recording is confirmed, you should talk to your insurance agent about canceling any insurance policies affecting the property.
FINAL SETTLEMENT STATEMENT
- After closing and recording, you will receive your final settlement statement in the mail. Please keep it for tax purposes.
KEY EXCHANGE
- Your real estate professional typically handles the key exchange.
UTILITIES
- Contact the utility companies to remove your name and close out the accounts. The final utility bill may not be paid through escrow; you will need to make arrangements directly with the utility company to cover payment for charges incurred between your last statement and the closing date.
WHAT HAPPENS NEXT?
- Once all parties involved with the transaction have given their approval, we will record and disburse all funds, including your proceeds.
ESCROW ACCOUNT
- If you pay taxes and insurance to your current mortgage holder you may be entitled to a refund of the balance on that account. Mortgage companies typically process refunds within 30 day of closing. Make sure they have your forwarding address to ensure receipt of the refund.
Thank you for choosing Home Services Title for your title and escrow needs! We appreciate working with you - please feel free to call us with any questions.
With deed fraud at an all-time high, it is necessary that we remain active in protecting our greatest asset from the bad guys.
FIRST………….. Julie opens all new orders. Send your accepted purchase contract to titleorders@homeservicestitle.com
Prepare both buyers and sellers for closing.
BUYING A HOME IS AN EXCITING AND EMOTIONAL TIME FOR MANY PEOPLE. To help you buy your home with more confidence, make sure you...get Owner’s Title Insurance. HERE’S WHY IT’S SO IMPORTANT FOR YOU:
Home Services Title wants to make your real estate transaction as smooth as possible.
Protect YOUR Investment You ensure everything else valuable to you - your life, car, health, etc., why not your largest investment? For a one-time fee, owner's title insurance protects your property rights from unforeseen legal and financial title discrepancies for as long as you or your heirs own your home.
WHAT HAPPENS AFTER SIGNING? The loan documents are returned to your lender for review. Once the lender authorizes us to close escrow, we will contact you or your agent with the good news. WHAT WILL I GET IN THE MAIL AFTER CLOSING? You will receive your final Settlement Statement - be sure to keep it for tax purposes. You will also receive a title policy and recorded deed showing your ownership. Finally, you will receive an information package from your new lender. WHEN DO I GET MY KEYS? Your real estate professional will handle the key exchange. It typically happens once your lender allows us to record the transaction. HOW DO I MAKE MY FIRST PAYMENT? You should have received a temporary payment coupon with your loan documents at the signing - you may need to use it to make your first payment. Within a few weeks, you should receive coupons /statements directly from your lender. UTILITIES You will need to contact the utility company to transfer utilities into your name before you move in. The seller’s final utility bill is not handled through escrow; you must address the transfer directly with the utility company and the seller so that you are not billed for those services.
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