Residential Settlements

THE BEST TITLE COMPANIES ARE VERY EXPERIENCED

Stonewall Title has been a leader in the title industry for over 20 years, and we are committed to the safe and secure transfer of real property ownership.  To that end, we utilize the industry’s proven best practices to provide our customers with a standard of care that is unsurpassed.  We understand that the most important settlement is … YOURS

Residential Settlements require detailed processing.

The Residential Settlement process, to include the issuance Title Insurance, is an area of service requiring a particular expertise that could be best pictured as a conductor directing an orchestra.  There are numerous facets to a real estate settlement, and they must all come together in harmony with all the parties to the transaction.

A Brief Overview of the Settlement Agent’s Duties:

SALE / PURCHASE:

  • Obtain a Report of Title
  • Obtain a House Location Survey
  • Order Payoff Statements
  • Obtain Real Estate Tax Information
  • Prepare/Obtain Title Insurance Commitment
  • Obtain HOA/Condo Assessment Information
  • Clear Title Matters
  • Obtain Deed of Conveyance
  • Prepare Title Forms for Settlement
  • Obtain Loan Package from Lender
  • Prepare HUD-1 Settlement Statement
  • Loan Document Set-up for Settlement
  • Conduct Settlement Conference
  • Record Documents in Circuit Court
  • Disburse Funds Pursuant to HUD-1
  • Copy and Archive Documents
  • Produce Title Insurance Policies

REFINANCE:

  • Obtain a Report of Title
  • Order Payoff Statements
  • Obtain Real Estate Tax Information
  • Prepare/Obtain Title Insurance Commitment
  • Clear Title Matters
  • Prepare Title Forms for Settlement
  • Obtain Loan Package from Lender
  • Prepare HUD-1 Settlement Statement
  • Loan Document Set-up for Settlement
  • Conduct Closing Conference
  • Record Documents in Circuit Court
  • Disburse Funds Pursuant to HUD-1
  • Copy and Archive Documents
  • Produce Title Insurance Policy

For more information:

Resources Title Insurance GFE Calculator