Academy – Page 6 – Blueprint Title

What is Post-Closing?

Post-Closing What is Post-Closing? Facebook Twitter Linkedin In a real estate transaction, “closing” is the time when all parties’ documents are executed and funds are received and disbursed by the title agency or attorney. While closing is typically the end of the transaction for the buyer and seller, it is not the end of the… Continue reading What is Post-Closing?

What is Closing?

Closing What is Closing? Facebook Twitter Linkedin In a residential real estate transaction, the term “closing” gets used quite a bit. It can mean different things to different people depending on how involved in the transaction they are, and how much they understand about the transaction process. For some, closing means everything that happens after… Continue reading What is Closing?

What Documents Will Be Signed at Closing?

Closing What Documents Will Be Signed at Closing? Facebook Twitter Linkedin By the time a transaction reaches its final closing day, a lot of items have been completed. By this stage, the title commitment’s terms generally have been satisfied, settlement statements and closing disclosures have been distributed, and the parties know how the transaction is… Continue reading What Documents Will Be Signed at Closing?

Settlement Statements, Closing Disclosures, and HUD-1s

Closing Settlement Statements, Closing Disclosures, and HUD-1s Facebook Twitter Linkedin There are a number of different ways to finance a real estate purchase. Some buyers are able to pay cash, but many work with financial institutions to obtain the funds to buy the property. Even when working with a lender, there are multiple options available… Continue reading Settlement Statements, Closing Disclosures, and HUD-1s

What is a Remote Closing?

Closing What is a Remote Closing? Facebook Twitter Linkedin Traditionally, the closing day has occurred in person, often at an attorney, title agency, or escrow company office. With the rise of digital technology, real estate closings are changing. New platforms make it easier for the parties to be in separate locations, potentially across the country… Continue reading What is a Remote Closing?

What are Common Issues with Title?

Title Clearing What are Common Issues with Title? Facebook Twitter Linkedin The main purpose of title clearing is to discover and remove defects and encumbrances from the title. These title issues can take a variety of forms, but there are a few categories of common defects and encumbrances that you should be aware of, especially… Continue reading What are Common Issues with Title?

How is Title Cleared?

Title Clearing How is Title Cleared? Facebook Twitter Linkedin Clearing a title starts with knowing what matters can affect the title. In the event that defects and/or encumbrances need to be cleared, it will be time to take action. Every Transaction is Different The first thing to remember when entering the title clearing process is… Continue reading How is Title Cleared?

What is a Title Search?

Title Clearing What is a Title Search? Facebook Twitter Linkedin The first step in the title clearing process is to order a title search. A title search is the specific process by which title professionals determine what has occurred with the title and where problems may lie. Understanding how the title search works, what is… Continue reading What is a Title Search?

What is Title Clearing?

Title Clearing What is Title Clearing? Facebook Twitter Linkedin One of the key contingencies contained in a real estate purchase agreement relates to title. Essentially, this contingency requires the seller to deliver a clear title to the buyer. A clear title is typically one that is free from defects and encumbrances, except for those permitted… Continue reading What is Title Clearing?

The Title Clearing Process

Title Clearing The Title Clearing Process Facebook Twitter Linkedin The real estate purchase agreement is signed, and now you are into the closing phase. While the specific language may vary, one of the contingencies contained in the agreement is some form of requirement regarding the ability to obtain title insurance. It’s time to work on… Continue reading The Title Clearing Process

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