Our Closing Process Produces Results
1. PREPARATION
Buying a house is an exciting time. the more you know about the process, the more relaxed you’ll be. Information about closing costs should be provided to you before putting an offer. Ask your lender for a Good Faith Estimate of your loan costs to prevent surprises.
2. ACCEPTANCE
Once the seller accepts your offer to purchase, the countdown to closing begins. Timing is essential to make sure all the ingredients for a successful closing are in place for your arrival. Once Trident Abstract has been selected, we will handle the closing process from there.
3. PUBLIC RECORDS
Next, preliminary title work is performed. A title professional will search and examine public records for information related to your property’s title. This provides warnings of title flaws that must be dealt with before the property can change hands.
4. SETTLEMENT STATEMENT
We prepare the settlement statement for you. The settlement statement, as it is referred to, outlines all of the costs for both the buyer and seller associated with the closing.
5. SIGNING
On closing day, the property will be transferred from the seller to the buyer. You will sign a number of documents that will be explained by us or your lender. Once all of the signing is done, the house is yours! Congratulations!