What should I bring to settlement?

A. You are required to bring a valid government-issued identification, such as a driver’s license or passport, and a certified or personal check for the funds needed for settlement. Additionally, you may want to bring copies of other documents, such as your Agreement of Sale, including addendums or modifications, your home-inspection report and any disclosures or supporting documents from your mortgage lender.

Do I need a certified check?

A. If the amount you need for settlement exceeds $10,000 you will need a certified check or a cashier’s check. If less than $10,000 you may write a personal check. 

What is the difference between Attorney State and Title State?

A. With a Title State, title insurance companies are allowed to prepare documents for and conduct real estate settlements. In an Attorney State, state laws require real estate settlements to be conducted by an Attorney licensed to practice in that state. 

What is a survey?

A. The survey shows any existing structures on the property, where the property lines are located and if there are any encroachments. If there are any encroachments or zoning violations the attorney will contact you prior to settlement to discuss these issues with you.

What is a title search?

A. A title search will find any liens or judgments against the property or the buyers and sellers involved in the transaction.

What is title insurance?

A. Title insurance protects both the lender and the owner of the property from any claims made with regard to the title for the property.