Cash Purchase Overview
- Real Estate Agent sends True Title a Purchase Agreement for the cash title transfer being negotiated.
- True Title reviews the Title Search and Abstract to make sure the property is owned free and clear by the seller and no other parties can claim title to the property. The abstract will show current mortgages, judgments, and liens. If there are any issues the attorneys will do the curative work. For example, execute a succession if the property is owned by family members of a deceased spouse.
- True Title orders the payoff if the seller still has a mortgage on the property. The payoff is the amount that the seller still owes the bank on the property that is being sold.
- Once the Title Search and Abstract review is complete, True Title contacts all parties and sets the time and date for the Closing.
- True Title creates the final HUD/Settlement Statement regarding the title transfer.
- True Title contacts the buyers to let them know the final amount they need to bring to the closing ( monies brought to the closing must be brought in the form of a cashiers check)
- Closing. All parties appear at the closing and sign the sale and related closing documents for the cash title transfer.
- Post Closing
- True Title records the sale with the Parish Clerk’s office
- True Title issues Title Policy(ies).
Are you in the process of refinancing your current home? Do you need help with home title services? If you have any questions or needs, contact our Attorneys to find out how we can help you easily navigate the real estate purchasing/mortgage process and how we can provide you with the peace of mind you deserve. True Title is a company setting a standard of excellence industry-wide. We at True Title have been committed to excellence in customer service since 1998.
