4224 Bingham Avenue, St Louis
Title Companies: Behind the Scenes of your Real Estate Transaction
Shortly after a home buyer goes "under contract" in buying a house, your agent sends the contract over and the title company starts a file. These are the important steps that are handled in a title company:
- Hold Earnest Money
- Title Search
- Title Insured
- Survey Ordered and Reviewed
- Judgement Search
- Issue Deed
- Prepare Settlement Statement (HUD1)
- Document Signing
- Closing
The buyers and sellers often times don't interact much with the title company until they are ready to walk into closing, but the processor at the title company is busy preparing the deal for closing.