First-time house buyers
First-time home buyers begin the process of purchasing a home without fully understanding what the steps include. One of the most important and vital steps is utilizing a title company. Title companies are responsible for managing and executing the closing of a house between the purchaser and the seller. These are exchanges that cannot be done normally as these major purchases require additional attention to detail.
This meeting will be where official documents are signed once and for all. This can be done virtually anywhere but is most often done at either the lender’s office or the title companies office. After these are signed, the house will officially be transferred into ownership. It is expected that the buyer will go directly to the house from here. The title company will file any documents necessary for the state and limit the majority of responsibilities from those in the transaction.
The “Day of” Preparation
Title companies can be much more important than just day-of information. Unfortunately, when beginning the process of house buying, not every detail has been worked out. These details need to be worked out with the state and associated banks. It is possible that there are leans and encumbrances on the property and house itself. When the title company begins their work, they will go through and clear these to ensure no issues. This must be done before attempting to sign the property over to the new owner. It is assumed that the majority of home purchasers and sellers are not sure what this process entails. As well as, how to begin going through it.
The technology that a title company can provide is an essential aspect of any closing process. Without the forms that a proper title company can provide online, the transaction will be forced to be fully on paper. This results in nearly hundreds of documents being signed, dated, and initialed through a flow to finish the house buying process. Turning what could be a 20-minute get-together into an all-day affair.
Next time when getting ready to purchase a home of your own, or sell yours to open the next chapter in your life, consider using Trustworthy Title and Escrow. Give us a call at 402 513 9760.