Basic Steps of Closing

The closing process can seem confusing and daunting to some so here we break down the basic steps of the process for you:

  1. Submit a purchase agreement signed by all parties.
  2. The title search is reviewed, and preliminary title insurance documents are prepared.
  3. A new deed transferring the property is ordered.
  4. A location survey of the property is ordered, if requested.
  5. Payoffs (any mortgages, liens, taxes, etc.) are ordered as necessary.
  6. Settlement statements are created once all fees have been calculated.
  7. Closing is scheduled.
  8. All funds are transferred to the title company.
  9. Closing documents are signed by all parties.
  10. Deed, mortgage and any other necessary documents are recorded with the county.
  11. Funds are disbursed as instructed.
  12. Title insurance policies are issued.

Contact US
Whipple Title Agency LLC
1149 Whipple Ave NW
Canton, OH 44708
Tel (330) 477-3589
Fax (330) 477-5300