Top Ten Tips to Sell Your Home Quickly
Gaithersburg City History
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Eco-Friendly Remodeling
Are You Ready to Buy?
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16 Ways to a Greener Life
Expect the Expected from Your Settlement Company
City of Gaithersburg - Frequently Asked Questions
Living Green - Sustainable Lifestyles
The National Association of Realtors® Code of Ethics:
Kitchen remodeling - A Good Investment
Gaithersburg City History
Is a Handyman Right for You?
Extreme Makeover: HomesDatabase.com
Why Use a REALTOR® to Buy or Sell Your Home?
Home Improvements Turn Average Homes into ...
Eco-Friendly Remodeling
Are You Ready to Buy?
Are You a “Closet Clutterer?”
16 Ways to a Greener Life
Expect the Expected from Your Settlement Company
City of Gaithersburg - Frequently Asked Questions
Living Green - Sustainable Lifestyles
The National Association of Realtors® Code of Ethics:
Kitchen remodeling - A Good Investment
EXPECT THE "EXPECTED" FROM YOUR SETTLEMENT COMPANY
That’s what a closing should be about, no surprises. When you
have competent people working each corner of the transaction,
the result should be a symphony of music from a fine tuned
piano; each note perfectly tuned to the next.
As a purchaser, you have the option to select whom you wish to process your loan and whom you wish to settle the purchase of your property. But what is “settlement” or “closing” really about? The settlement company has many responsibilities, including:
The “title” refers to ownership of the property. The title abstract is a review your home’s history to ensure that there are no outstanding liens on the home you are about to buy. The settlement company should ensure that your lender has all the necessary information to ensure your loan is properly processed. The settlement company should also ensure that all parties are kept abreast of any outstanding issues that could delay the settlement date.
As a purchaser, you have the option to select whom you wish to process your loan and whom you wish to settle the purchase of your property. But what is “settlement” or “closing” really about? The settlement company has many responsibilities, including:
- Ordering of the title abstract
- Reviewing the title, judgments, liens, and defects of the title
- Preparing documents for the lender/mortgage company
- Ordering a house location or boundary survey, (if necessary)and
- Communicating with all parties involved in the transaction.
The “title” refers to ownership of the property. The title abstract is a review your home’s history to ensure that there are no outstanding liens on the home you are about to buy. The settlement company should ensure that your lender has all the necessary information to ensure your loan is properly processed. The settlement company should also ensure that all parties are kept abreast of any outstanding issues that could delay the settlement date.
The Settlement Company:
“You’ve Seen One, You’ve Seem Them All”
This old adage is not necessarily true when it comes to settlement companies. They might all do the same thing (the actual legal transfer of title to real property), but what is just as important is how well it is done, how much will it cost to get it done, and how comfortable you feel with the people who are handling it for you. Ask about fees and educate yourself on the process. Some settlements are now going “paperless.” Customers can receive closing documents prior to the scheduled closing and signed documents can be saved electronically. After settlement, you are ready to move in! Take pride in your new home and enjoy.
Victor Muzzatti, Attorney
Confidence Title and Escrow
www.ConfidenceTitle.com
VMuzzatti@confidencetitle.com
301.740.1880
This old adage is not necessarily true when it comes to settlement companies. They might all do the same thing (the actual legal transfer of title to real property), but what is just as important is how well it is done, how much will it cost to get it done, and how comfortable you feel with the people who are handling it for you. Ask about fees and educate yourself on the process. Some settlements are now going “paperless.” Customers can receive closing documents prior to the scheduled closing and signed documents can be saved electronically. After settlement, you are ready to move in! Take pride in your new home and enjoy.
Victor Muzzatti, Attorney
Confidence Title and Escrow
www.ConfidenceTitle.com
VMuzzatti@confidencetitle.com
301.740.1880
