Contract to Closing-Sellers

* Title search includes:

• Search history of property – owner of record, liens
• Clouds on title – documents filed by legal description
• Search of buyer and seller – liens, lawsuits, divorces, probates, documents filed by person’s name, no property description

** Loan application process includes:

• Verification of buyer’s income, stability, credit, assets to close
• Confirmation of property’s value (the appraisal)
• Some lenders order the appraisal and send with closing instructions to the title company