On the day of the closing, all of the involved parties and representatives meet at a chosen venue, either at an office or private home, to conduct the closing. The meeting is officiated by one person, namely the licensed title company expert. At this time, documents are exchanged to make sure that all of the required steps have been completed and the buyer can receive clear title to the property purchased. Additionally, it is during the closing where the seller receives payment for the property being sold.
After all the signing is complete, the deed and any mortgage or deed of trust is recorded in the correct order so there is no disturbance to the chain of title. The “chain” runs from the current owner to the original property owner in order to accurately document all ownership of the property’s history.
More than a title provider, we are your partner.
Lakeside Title Company recognizes the value of providing the tools realtors, lenders, buyers, sellers and builders need to make transactions run smoothly. We pride ourselves on protecting our clients every step of the way and delivering a great experience for you and your client. Lakeside Title Company is more than a title provider, we are a true partner.
Title Stream Blogs
Jan 21 2020
Occasionally we are asked to prepare private loan documents for a real estate settlement. The seller might be holding a ...READ MORE