Preliminary Documents
Frequently Asked Questions for Realtors Regarding Scheduling
How do we handle scheduling? It is important to us that the buyer and seller are directly involved with scheduling their own closing appointments. We know that realtors like to help, but it will also be more work for you to call the client, find ...
What is a title policy or title insurance?
Title insurance is form of insurance that protects a homeowner or lender from disputing claims of ownership or liens that arise prior to the purchase of the property. For example, if a property was inherited and a long lost family member come out ...
What are title policy exceptions?
These items are listed on schedule B-II of the title commitment and are anything that won't be covered by the title policy. For example, if a survey isn't conducted, the policy won't cover any disputes related to the location of the property lines, ...
What are title policy requirements?
Title requirements are those items that must resolved prior to closing. There will be standard requirements, such as ensuring all docs are signed at closing or that a payoff is obtained for any loans on the property. There may also be transaction ...