After the Closing
This is the most
important part of the transaction. Old American
Title will now complete the process.
- Copies
of documents are prepared, closing funds are deposited, checks
and/or wire transfers are written, and executed mortgage and/or
title transfer documents are prepared for recordation in the
city or county land records.
- The lender
closing package is completed and returned to the mortgage lender.
- Contact
is made with the title abstractor to conduct a final title search
on the property which will insure that no liens, deeds or additional
mortgages have been placed on the property since the previous
title search was completed. If the title is clear, the new deed
and/or deed(s) of trust are recorded in the land records which
transfers the property to the new owner and/or attaches the
new mortgage lien to the property.
- Once all
documents are recorded in the land records, Old American Title
will disburse the sale proceeds (or cash-out in the case of
a refinance), according to your specific instructions.
- Our staff
will follow-up to insure that the old liens or mortgages are
released from title.
We are here to help and to follow through on our commitment to you, our valued client.
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