THE CLOSING PROCESS

The closing process begins when Winters Title Agency receives a copy of the contract or loan approval letter. The file is immediately assigned to our of our Notarial Assistants and a copy of the current title is ordered from our Abstractor. Information will be requested from all parties involved in the sale and Winters Title Agency will coordinate the closing between the purchaser, seller, lender, and realtor. After all information is gathered, and the necessary documentation is received, our Notarial Secretary takes the file to prepare the HUD Settlement Statement, figure tax prorations, and prepare all of the legal documentation and disbursements necessary for closing.

Prior to your closing, Winters Title Agency will provide you with the dollar amount needed at the closing. If Winters Title does not have all of the figures from your lender, please refer to the Good Faith Estimate provided by your lender. A personal check (under $2,500) may be used for a remaining balance.

For the closing, Winters Title will need a copy of a state-issued identification card and certified funds/cashier’s check. We also accept wire transfers – please contact your area Winters Title Agency for specific wiring instructions. Typical documents you will sign during the closing are as followed, though not limited to, the Act of Sale, HUD-1 Settlement Statement, Note/Mortgage, Deed of Trust, and Truth-in-Lending. After all of the documents are signed, we will provided copies of all closing documents for your records. Once the closing is finished, our Post Closer sends the legal documents to the Courthouse for recordation, the monies for payoffs to the appropriate parties, and the mortgage documents to the Mortgage Company. When documents are received from the Courthouse after recording, our Post Closer sends the documents to the Mortgage Company and copies to the purchaser. Our Post Closer also sends out releases and cancellations to be completed and recorded to ensure the proper clearing of the title for purchaser and seller.

Please contact your neighborhood Winters Title Agency with any questions regarding the closing process. We are happy to help and look forward to seeing you at our closing table!