STEP 1
Carlisle Title receives the executed contract and earnest money.
STEP 2
The contract is receipted by the title company and Earnest Money is deposited.
STEP 3
Title is opened. The file is assigned a GF number, we begin the title search, and we order the
tax certificate.
STEP 4
The legal history of the property is checked. The title search includes a list of the owners of record, liens, encumbrances, lawsuits, divorces and any other factors that could put a cloud on the title or effect the transfer of title.
STEP 5
Once all of the title documents are compiled, the examiner reviews them and issues a title report.
STEP 6
After the report is created, the Title Commitment is issued. At that time the title company works on all of the items listed in Schedule C of your Title Commitment. Those are the items that must be cleared from the title in order for the underwriter to issue a title policy. The Buyer and Seller receive a copy of The Commitment along with the lender. In this packet the tax certificate is delivered along with the wiring instructions.
STEP 7
The Seller’s loan payoff information is requested and the survey and HOA documents are ordered, if necessary.
STEP 8
A closing time is scheduled with all parties.
STEP 9
All lender-requested closing documents are delivered to the title company and Carlisle Title prepares everything to facilitate a smooth closing day.
STEP 10
On closing day, the Buyers and Sellers sign the closing documents. Once the lender reviews all of the signed documents and approves them, funds are disbursed through Carlisle Title.
STEP 11
After closing the Owner’s and Lender’s title policies are issued and delivered in the mail. Legal documents are recorded at the County Clerk’s Office.