Final Contract
 – Once you have negotiated all the terms of your offer with the seller you will be “under contract” and a copy of the terms will be sent to the real estate attorney of your choice.

Order Title Work – The attorney will begin by having an abstractor do a “40-record search” of the property you are buying to make sure it has changed ownership properly and there are not any lawsuits or pending liens.

Order Survey – The attorney will always ask you if you want a survey and will recommend if they think you should get one based on the age of the last survey on file. A survey ensures that no one has built anything on your property by defining your property lines through a complex system of measurements.

Review Title Work – The attorney will gather all the documents the abstractor has found and review them to see if there are any discrepancies.

Issue Title Insurance – Title insurance is required by most mortgage companies.  As long as the title work comes back clear, title insurance can be issued on your property protecting the mortgage company and yourself from claims in the future. 

Create HUD – The Mortgage company will send the attorney all of the documents (aka the package) they will need you and the seller to sign in order to give you a loan. The attorney will compile all of this information and create a form called a HUD-1, which shows where every penny is paid in this transaction.

Buyer Reviews HUD – Once the attorney has finalized the HUD with the mortgage company to ensure nothing was missed, they will send a preliminary copy to you and your REALTOR® to make sure everything looks good. At this time, your REALTOR® or your mortgage lender will and explain this to you at length.

Closing Day – This is when you will sign all of your documents.  The Mortgage Company will send the attorney money for your loan at which time you will become a new home owner.