Settlement Services

Buying or selling a property can be a very complicated process and the majority of clients are unsure of what’s involved with getting to closing. Majestic Title provides settlement services to their clients to help facilitate the closing process.

Our knowledgeable staff have been conducting closing for a combined 30 years and can answer all questions you may have regarding the closing process. We work closely with attorney’s, lenders, brokers, and real estate agents to get us to the closing table on the requested date.

We offer escrow and settlement services to our clients so that all parties have one point of contact for closing requirements and questions.

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What Are Settlement Escrow Services?

Once the seller and buyer have negotiated the property transaction’s terms and signed the contract of sale, there are several tasks that need to be finalized before the deal can officially be closed. Majestic Title, acting as the settlement company, coordinates these various elements, facilitating and speeding the process through close collaboration with lenders, brokers, realtors, and local government authorities. We make sure there is a smooth and seamless transaction.

How Can We Help To Facilitate Your Closure?

As a closing agent, we act as an impartial third party. We guarantee all the provisions of the sales contract have been fulfilled, the seller’s title is marketable and good to convey to the buyer, the conditions and instructions of the lender have been met, all the costs relating to the property sale have been paid, and the proceeds of the sale have been properly disbursed.

The Process Of Settlement

Before the signed contract is received, Majestic Title will contact both the seller and buyer representatives to obtain all the key information required to prepare the necessary documents, order any payoffs of loans, and find out if all the relevant parties intend to be present when the settlement occurs. We will search the land records to determine if there are any judgments or liens encumbering the property, so all steps can be taken to ensure the property’s new owner will receive a title that is marketable and clear. Surveys are ordered and subsequently reviewed to find out whether the lot has any encroachments or any of the buildings are violating easement areas or setback lines. We will also verify the tax amounts for the property and whether they are paid to date, communicating them whenever necessary to the lender. Should closing instructions be provided by a lender, we will prepare a settlement statement and carry out a review with both parties. We will then arrange a meeting of all parties at which the documents will be signed. We will escrow the funds as required as security, pass the keys, and close the deal. The funds will be disbursed to the appropriate parties before a final title search is complete. The legal documents will be recorded, and the title insurance policy will be issued.

Majestic Title’s Settlement Escrow Service

We can assist contractors, developers, lenders, buyers, and sellers through the provision of reliable and impartial settlement and escrow services. We act on the parties’ written instructions to coordinate essential tasks, which can include:

• Depositing and disbursing funds.
• Processing and coordinating documents and funds.
• Keeping all relevant parties fully informed as to the state of progress.
• Responding to all lenders’ requirements.
• Coordinating signatures of closing documentation.
• Prorating and adjusting taxes, insurance, rents, etc.
• Recording the loan and deed documents.
• Preparing the final statement to outline the funds for disbursal.
• Reporting the transaction.

With 50 years of combined experience in the title industry, Majestic Title is the right choice for settlement escrow services. Contact us today to find out how we can be of service.