Purchases – Upon receipt of executed contract
• Review contract and open file
• Contact all parties to obtain necessary information to coordinate closing
• Monitor mortgage commitment date(s) and approval(s)
• Order title search
• Submit required documentation to lender
• Obtain and calculate final utility adjustments – i.e.: Water, Oil and Propane
• Review seller’s documents and figures submitted
• Prepare bank package and obtain final HUD approval
• Prepare final disbursement sheet for checks
• Return bank/broker package(s) via your overnight service
• Coordinate recording service, if necessary
• Coordinate release tracking service, if necessary
• Close file and return to your office
ADDITIONAL CHARGES:
• Subordination Agreement
• 2nd mortgage bank package
• Power of Attorney
• Quit-Claim Deed with Conveyance Tax Form
• Contract Preparation
• Change of Name Affidavit
• Affidavit of Facts Affecting Title