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- Obtain no-lien letters and title search.
- Contact the Buyer, Seller, Realtors, and Lender for Introduction and Scheduling.
- Obtain homeowners insurance, survey, Mortgage payoffs and commission statement.
- Examine title search.
- Identify and clear objections.
- Prepare Title Commitment
- Obtain loan package, review Lender conditions.
- Copy loan package for Buyer.
- Organize file.
- Determine which bills are paid at closing and which are paid outside of closing (P.O.C.).
- Prepare Settlement Statement (HUD-1).
- Copy and fax to all parties.
- Cut checks for closing and balance transaction (incoming = outgoing funds).
- Prepare Deed and Seller Affidavits
- Travel to Closing and Conduct Closing.
- Notarize Closing documents, note check changes on balance sheet.
- Deposit Buyer Funds and/or Lender funds.
- Verify incoming wire amount.
- Copy all documents.
- Complete Lender documents.
- Overnight original Lender documents back to Lender.
- Mail disbursements (checks not given at Closing).
- Overnight original Deed and Mortgage to Recorder of Deeds.
- Receive recorded documents.
- Copy for file.
- Prepare Title Insurance Policies.
- Send Deed and Owner's Title Policy to Owner.
- Send Mortgage and Lender's Policy of Title Insurance to Lender.
- Send copy of policies to Title Insurance Underwriter.
- Coordinate payment of final water and sewage bills.
- Make necessary refunds to Seller.
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