Buying a house is one of the most exciting events life has to offer, but it can also be quite confusing. The more you understand about the process, the more at ease you can feel about moving forward with your investment. One step in particular that you will want to learn about is the title closing. This action is the end stage of the buying process when the title for the property will be transferred over to you. Though there is the potential for several issues to cause a delay in the completion of a title closing transaction, First Financial Title Agency of Minnesota has helped many buyers in Burnsville, MN to fulfill their dreams of home ownership.

Here, the closing title company explains what you can expect to take place as you get ready to move forward with finalizing the sale on your new home:

• Enter Into An Agreement: Typically, to begin the title closing process, you will enter into a contract agreement with the seller that specifies the terms you have both settled on. This deal will give guidelines on which to base the closing and identify which party will pay which fees.
• Title Search & Examination: Next, a title search will be conducted to review all the public records of the property, including deeds, mortgages, divorce settlements, liens, wills, paving assessments, etc. These records will then be examined during the title closing process to verify the legal owner, as well as any debts owed against the property.
• Document Preparation: Once the title is deemed clear, your agent will go over all of the legal documents with you, including a commitment to title insurance and your lender’s requirements. At this point, the title closing is arranged for a date that works for both you and the seller to attend.
• Settlement: At the settlement, an escrow agent will oversee the signing of the final paperwork and transfer of the title. The seller will be paid, and you will receive notarized copies of all documents certifying that you are the new owner.

After each of these steps has been carefully completed you will receive the house keys and be able to call yourself a homeowner. Contact First Financial Title Agency of Minnesota at (952) 831-5010, or visit their website for more information on title and escrow services.