Everything you want to know as a Realtor to close successfully.
What is a Closing
Closing (also referred to as completion or settlement) is the final step in executing a real estate transaction. Ownership of the property is transferred to the buyer and officially transferred when a deed from the seller is delivered to the buyer.
Video of New Closing Process using TRID
Why Title Services
The closing process usually requires a title service, including a title search, title insurance, appraisal, land survey and attorneys to be involved. Lenders providing a mortgage loan will often require a title service.
What Is A Successful Title Company
- Trustworthy and Knowledgeable, and closes QUICKLY
- Reputable and post fees online, making it easier to shop
- Available 24/7 to answer questions from Agents – Free Information
Resources
MD Business Entity Search (title company search database)
Maryland Title Administration (title company licensed search database)
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