Key To A Successful Closings

The strong expertise of our team is based on vast experience, knowledge and skills with 2 in-house attorneys with close to 50 years of combined experience.

Starting the process

The sales contract or lender title order starts the process of SafeKey Title & Closings opening a title file. We identify and get contact information for all of the participants – Buyers, Sellers, Listing Agent, Selling Agent, Mortgage Broker, Lender, Seller’s Lender(s) being paid off at closing, Community Association(s), Lien holders, Surveyor, Local Government for lien search and closing requirements, Insurance providers, inspectors – just to start. We order the necessary loan/lien payoffs, reports, insurances, and searches.

Title search and examination

This is a search of the public records (Official Records Books) made by a licensed title agent examiner. Records searched include deeds, mortgages, liens, court and estate proceedings, judgments, and other documents affecting title to your property. This is when verification of the legal ownership of the property is made and debts secured by the property are determined.

In addition, the SafeKey staff orders reports from government entities and community associations to determine if there are any violations, assessments, outstanding fees, open permits or other matters that do not appear in the public records. These items may not be covered by your title insurance and must be verified so that you can have peace of mind that your ownership will be free and clear of unanticipated problems and expense.

Document preparation

Your SafeKey processor will review the lender instructions and requirements, review instructions from other parties to the transaction, review legal and loan documents, assemble all charges from the various parties, prepare the closing statement (HUD-1 Settlement Statement) and set the closing. You can be assured that your transaction will close in compliance with all lender instructions, the terms of your contract, and all applicable laws.

Settlement – Closing the transaction

Your escrow/settlement officer (usually one of our attorneys or a trained escrow officer) oversees the closing of the transaction and explains all documents. Seller signs the deed and other closing documents required by the contract and local usage. Buyer signs all necessary documents including the usually voluminous lender package. Seller, real estate agents, attorneys, and other parties to the transaction are paid.

Post Closing

After the signing is completed, the deed, mortgage and any title corrective instruments will be recorded in the public records in the county in which the property is located. In most counties this is done almost instantaneously by electronic recording. All funds will be disbursed in conformance with the closing statement by paying off all required mortgages, liens and vendors. Title insurance policies will then be issued and mailed and the file scanned for digital storage.

 



SafeKey Title & Closings, LLC

2900 Glades Circle Suite 750
Weston FL 33327
Phone (954) 659-2220
Fax (954) 384-4575

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