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