What Does a Title Company Do?
Your title company plays an essential role in closing your real estate transaction. Get insight into what we do, who we interact with, and what to expect on your closing day.
We hustle so you don't have to. Closing on your home purchase should feel like a celebration.
A buyer makes an offer on a home and the seller accepts. From that point forward, a title company steps in as the intermediary between all parties to record the necessary legal documents, and ultimately finalize the purchase or sale of a real estate property.
How it works
Who else is involved?
A title company may work with several different parties as it facilitates the close of your real estate transaction
Real Estate Agents
Homeowner's Insurance Companies (HOI)
Title companies work with homeowners insurance providers to make sure the invoiced amount for the first year is correctly stated on the CD. We also mail the initial check to the HOI company to make sure the first coverage period is paid in full following closing. The fee for the first term is listed on the Closing Disclosure (CD) and should be reflected in your closing costs.
A location drawing shows the property as inspected, and depicts the locations of any other buildings or structures affecting the property. A boundary survey is more involved and is required to set or redefine a property's boundary line. If you are requesting a survey for a specific purpose, please let your title company know so they're sure to request the correct type.
Homeowners Associations (HOA) & Property Management Companies
Depending on the date of closing, prorated HOA dues may be listed on the Closing Disclosure (CD) as a credit or debit to the buyer or seller appropriately. Additional HOA fees that may be required at closing include a setup or transfer fee charged to the buyer, or a processing, documentation, or resale disclosure packet fee charged to the seller.
County Records Office
What Happens at Closing?
The final step in a real estate transaction is called closing or settlement. It's the big day when the buyer meets with a signing agent to review and sign the Closing Disclosure (CD), loan documents, if applicable, and title company documents; when money is distributed; and when equitable ownership is officially transferred from the seller to the buyer.
The date of closing is usually established up front when the buyer and seller contractually agree on an offer. The seller is not required to attend the closing in-person; but, does need to be available one way or another to sign the necessary paperwork.
Title Forward is proactive about your settlement. We make sure we've done everything possible in advance so your closing day is stress-free.
It's Closing Day
More resources for you:
Closing Disclosure (CD)
Preview a standard Closing Disclosure before your closing day so you know what to expect.
Download Sample Buyer CD >
Download Sample Seller CD >
To prepare for your closing day, download and complete these recommended steps.
Download Buyer Checklist >
Download Seller Checklist >