Contract to Closing-Buyers

* 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