Processing Guide

UPON RECEIVING YOUR TITLE REQUEST

When contract is received we start our process by ordering all necessary documentation or information to process your case (i.e. Abstract, Seller’s and Purchaser’s Information, Survey, Home Owners Association Information, Payoffs, & Property Tax Information)

REQUEST CONFIRMATION

Within 24 hours from the time we received your request, we email a confirmation to ALL parties Involved in the transaction. This will include our address or location of settlement, our contact phone number, and the person processing your case.

TITLE REVIEW

All Abstract or Title search is reviewed by a licensed agent and attorney to determine if any unreleased trusts or judgments exist. We treat our “problem files” as a priority so that any title issues are ratified in a timely manner.

SCHEDULING CONFIRMATION

Once the Settlement date and time is confirmed the processor will contact ALL Parties Involved in the transaction for notification. We will base our settlement date stated on the sales contract. If the date of settlement should change, we will require a contract addendum signed by both seller and purchaser.

CLOSING STATEMENT REVIEW

Once Realty Title receives all necessary documentation, invoices, and payoffs we will prepare the final Closing Statement. We will fax the it to ALL parties involved for a final review and approvals. If the closing package from the Purchaser’s Lender has not arrived within 24 hours prior to the scheduled date and time of settlement we will proceed to provide an estimated figure for the seller, purchaser, and agents based on the information we have in file.

*All fund from the Purchaser(s) over $1,000 should be in a form of money wire or cashier’s check payable to Realty Title*

DISBURSEMENTS OF FUNDS

Realty Title will get the instruments recorded within 24 to 48 hours from the time of settlement. Disbursement will be made once the documents have been recorded. Our disbursement department will disburse funds and checks based on the instruction provided by all parties during settlement.