After searching for that dream home and securing the financing, the anticipated day has finally arrived: closing. During this important phase, key documents, such as the mortgage & deed, are signed. The closing also takes place as one of the final steps. First Financial Title Agency of Minnesota, Inc. in Burnsville specializes in ensuring all the necessary information is in place to seamlessly wrap up the real estate transaction. The locally owned firm shares what to expect from the title closing process.

Completing the Real Estate Title Closing

What Should You Expect?

The title closing stage involves the legal and financial transfer of real estate from one owner to the new one.  A title company is also responsible for ensuring the property being transferred is free of any liens and other scenarios that can stop the sale. Agents conduct a thorough search to uncover any issues that must be cleared up before closing.

What About Fund Transfers?

Another important step in the title closing phase is the collection of funds, typically through a wire, to pay for fees and other remaining financial obligations. The funds must be readily available for disbursement to all parties before the property can be transferred to the new owner.

Who Else Is Present at a Closing?

In addition to the title company agents, representatives from the lending institution, real estate brokers are typically present at the meeting. Depending on the property transfer arrangement, you can generally expect the closing to last 30 minutes to an hour to ensure all the necessary documents are signed and measures are taken to transfer the appropriate funds.

First Financial Title Agency of Minnesota, Inc. is the firm residents and businesses continue to call on for expert title closing services. What makes them unique is their 100% commitment to protecting the identities of their clients and cyber crime prevention. Each transaction includes a thorough verification process to ensure complete safety. To learn more about the company’s services, call (952) 831-5010 or visit the website.