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Frequently Asked Questions
I am the buyer, what is the process?
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1. Receive Signed Contract
American Title Solutions will receive a signed contract by both the buyer and seller for the purchase of a home.
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2. Introduction
Once the details of the transaction are entered into our system, you will receive a phone call and an email introducing American Title Solutions and a request to provide us with some basic information that will allow us to begin processing the transaction.
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3. Title Search
Simultaneous to the introduction, our team will order a title search on the property to identify any possible title defects or associated risks with the property being purchased.
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4. Coordination with the Lender
Once the title search is sent back to American Title Solutions, we will send the Title Commitment and preliminary closing disclosure to your lender.
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5. Ordering of the Deed and Survey
American Title Solutions will request the deed for the transfer of the property and a survey to be completed.
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6. Signing Your Documents
Once we have received approval and final documents from the lender, also known as a “clear to close”, then we will contact you to schedule you for the signing of your documents with a notary public. Once everything is signed, we will send those documents to the Lender.
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7. Recording and Disbursing
Once the Lender approves the documents and sends funds to American Title Solutions, we will record those documents with the county and disburse all funds as guided by the contract.
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8. Move In!
We will let your real estate agent know once the documents are received by the county and you can work with your real estate agent to receive the keys to your new home!
View and Download the Contract to Close PDF
What are the buyer’s responsibilities during closing?
During the closing process, buyers are typically required to:
Make an “earnest money” deposit into an escrow account, where funds allocated for closing costs will be held by American Title Solutions until the closing date.
Provide any documentation and information requested by the lender in the loan underwriting process.
Obtain homeowners insurance. Many mortgage lenders require evidence of coverage to approve the loan.
Arrange for utilities to be transferred into their name effective on the closing date.
Perform a final walk-through.
What should you bring to closing?
In addition to patience, you absolutely must have the following:
Photo ID: The notary is required to confirm your identity. A driver’s license or current passport are two examples of approved documents that you could bring with you to the closing to validate your identity.
Final purchase and sales contract: Just in case you need to double-check a detail against closing costs.
