FAQ
What do I need to bring to closing?
Bring a valid government issued picture ID such as a Driver's License, Passport or Military ID. Additionally, if you are bringing money to the settlement these funds will need to be "certified funds." Certified funds can come in the form of a cashier's check, teller's check, money order or certified personal check.
Who in the process decides which closing/settlement agent or attorney will handle my closing?It is your choice as an owner refinancing a property or as a purchaser of the property to select the closing agent.
Why do I need Title Insurance?To protect your most important investment: your home.
Lender's title insurance will be required by the mortgage lender providing funds for your purchase. Owner's title insurance is purchased at settlement for an additional one-time charge which is computed based upon the purchase price of the property. Owner's title insurance protects the homebuyer against hidden defects in title.Here are a few of the most common hidden risks that can cause loss of title:
- False impersonation of the true owner of the property
- Forged deeds, releases, wills and other documents
- Deeds by persons of unsound mind or Deeds by minors
- Documents deemed to be invalid completed by an expired attorney
- Invalid deeds delivered after the death of the grantor
- Deeds by persons claiming to be single, but actually married
- Claims for unpaid inheritance and gift taxes against prior owners
- Previously undisclosed descendants of a former owner of your home or of the land on which your house is situated
