Real Estate Closings

A closing takes place to transfer the title or Deed to the property from the current Seller(s) to the new Buyer(s).

Things that occur during the closing:

  • The Buyer(s) delivers the funds for the purchase price and closing costs or the balance of their down payment and the amount of closing costs in the form of a certified check or through their banking institution, a wire transfer to the attorney’s office
  • The Seller(s) execute a Deed containing the legal description of the property which delivers title to the property to the new owner(s)/Buyer(s)
  • The Seller receives a check for the proceeds of the sale based on the terms and conditions of the contract

After the Closing:

  • The attorney sends the Deed to be recorded in the records of the County Courthouse where the property is located within the State
  • The attorney will complete the file by disbursing the funds remaining to send checks to the vendors listed on the HUD/Closing Statement
  • Should any matter remain, the attorneys office will complete the necessary documents to correct any issues
  • The attorney sends the Deed to be recorded in the records of the County Courthouse where the property is located within the State
  • The recorded Deed and other documents will be forwarded to the appropriate parties