And Frequently Asked Questions
Closing Process

Frequently Asked Questions

Want are my costs as a buyer/seller?

Our costs to the buyer are strictly the cost of the title insurance, which is a state regulated charge based on sales price/loan amount.  

Our costs to the seller include a settlement fee of $225 and, if we are chosen to draft the deed, $200 for the drafting of the deed.  Our settlement fee includes the preparation for closing, order of payoffs, communication, wiring and notarization.    There are other costs from the municipalities, recorder’s office that vary on each transaction so please feel free to contact us for a quote.

What is title Insurance?

Title Insurance is a contract that protects against losses due to title defects.  Title defects can include unknown heirs, unpaid taxes, fraud, unpaid liens or mortgages. 

If a previous owner purchased title insurance why do I need to purchase it again?

Another person or a lender’s title insurance policy provides you no protection so if there is an issue that hadn’t yet been discovered and you haven’t purchased title insurance, then it will be your loss with no recourse.

What do I need to bring to closing?

A certified or cashiers check, if you are the buyer, a valid drivers licenses and any keys, etc. that need to be exchanged.

Do you order dye tests and lien letters?

Yes, we order all lien letters and dye tests unless the municipality prohibits us to do so.  If that is the case, you will be contacted.