The day you close on the purchase of your home, or investment property, should be a
time of celebration. While you're busy taking care of preparations to move, you
should feel confident that skilled title professionals are busy with necessary tasks to
make sure your closing takes place as you planned. The work of the title company
begins weeks before the closing date. Take a moment to learn about the behind the
scenes activities that lead to a successful closing.

Once Preferred Title receives an order from you, your real estate agent or your
lender, we review all information for completeness and accuracy and the countdown
to closing begins. Timely completion of all aspects of the settlement is essential, to
make sure a successful closing takes place. You will be contacted by our office to
obtain closing date and time, as well the names of you insurance agent and others we
will need to contact on your behalf.

An abstract of title is ordered to review the seller’s title, this is a history of the
ownership of the property, to determine that title to property is correct and complete.
Preferred Title searches and examines the title and prepares a title commitment to
send to your lender for approval.

While the abstract of title is being prepared, Preferred Title’s staff is busy coordinating
other matters, such as obtaining a written payoff from the seller’s mortgage holder;
as well addressing any problems or discrepancies which may be discovered, so that
they can be corrected. While each closing is as unique as the people involved, much
of the behind-the-scenes work leading up to the closing is fairly commonplace for the
skilled professionals performing it. It is our job to facilitate cooperation, coordination
and compliance between all settlement service professionals involved with the
transaction.

The closing is where it all happens! Everything that has been done behind-the-scenes
by Preferred Title and the other settlement parties, leads up to this day. The closing is
the when actual transfer of ownership of the property from the seller to the buyer.


(c) 2008 Preferred Title Company, All Rights Reserved.