“Ordering Title” is not like ordering pizza. Each one is as unique as the property they are issued for.
The Title Commitment can seem intimidating, but it should not be. Two of the most informative parts of the Title Commitment can be found in Schedule B. We will cover Section 1 this week, Section 2 next week.
Schedule B, Section 1 is the Requirements Section. This outlines what must be done prior to closing for a title to be issued. You will find there:
– Taxes
– Recording a release
– Recording a new deed
– Recording loan documents
– Recording a court order evidencing the authority for one person to act on another’s behalf (POA)
– Copy of a trust, corporation or LLC paperwork
– Release of liens
– Proof of ID
It is not uncommon for a closing to be delayed as efforts are made to find items in the requirements section. “Requirements” are just that. Without satisfying all of them, no policy can be issued.
My Agent Greg 