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What is a closing agent?
A closing agent is a disinterested third party that
follows the instruction of your lender, realtor, attorney or buy-sell
agreement to complete the sale or purchase of your property
What does a closing agent
do?
An agent gathers information from many sources to create
the final Settlement Statement such as payoff information, tax
information, deed preparation and commission amounts.
What happens at the actual
closing?
The closing officer will explain all documents to you and
answer any questions you have. You will then sign the necessary papers
and the closing officer will notarize them
What happens after the
closing?
The new documents will be recorded to change title.
Recordings take place on the following business day. Disbursement
happens after recording.
What is a title?
A title is the foundation of property ownership. It is
the owners right to possess and use the property
What is a title search?
A title search is a detailed examination of the
historical records concerning a property. These records include deeds,
court records, property and name indexes, and many other documents. The
purpose of the search is to verify the sellers right to transfer
ownership, and to discover any claims, defects and other rights or
burdens on the property.
What kinds of problems can a
title search reveal?
A title
search can show a number of title defects and liens, as well as other
encumbrances and restrictions. Among these are unpaid taxes, unsatisfied
mortgages, judgments against the seller and restrictions limiting the
use of the land.
What is title insurance?
Title insurance is your policy of protection
against loss if any of these problems- even a "hidden hazard" -results
in a claim against your ownership.
Highland Title
394 W. Main St. B-5
Hendersonville, TN 37075
Phone: 615-824-5613
Fax: 615-824-2363
Email:
devon@highlandtitle.biz