Buyer & Seller Resources
During a real estate transaction, you as a buyer or a seller, may need to provide information to keep the process moving toward closing. The following documents are available for your convenience.
Contract to Close Steps
1. Buyer Loves House! The Borrower Gets Pre-Approved.
The contract is signed and dated by both parties, earnest money is deposited and the contract is sent to both Capital Reserve Title and the Lender.
2. Capital Reserve Title Begins the Title and Escrow Process
- Intro Documents Sent to Buyer/Seller
- Capital Reserve Title Orders Search
- Title Officer Examines Search to Determine Insurability
- Commitment & Pre-CD Sent to Lender
- Release of Liens, Deed Ordered, Survey Ordered
- Pay Off Figures Ordered, Give Reports/Invoices to Capital Reserve Title
3. Lender Begins Underwriting
- Verification of: Employment, Bank Deposits, Credit Check
- Appraisal Ordered to Confirm Property Value
- Underwriting Completed and Loan Approved
- Lender Gives Clear to Close to Capital Reserve Title
4. Capital Reserve Title & Lender Confirms Figures for Closing Disclosure
- Capital Reserve Title Schedules Buyer & Seller to Sign Closing Documents
- Lender Sends Closing Disclosure to Buyer *3 Days Before Signing
- Capital Reserve Title Gives Final Figures and Wiring Instructions to Buyer
- Lender Sends Closing Package to Capital Reserve Title
- Closing Documents Signed by Buyer & Seller
- Signed Docs Sent to Lender for Final Approval
- Title Updated to Ensure No New Liens Have Filed
- Lender Approves and Sends Funds to Capital Reserve Title
- Signed Deed & Mortgage Taken to the County Courthouse to be Filed
- Capital Reserve Title Disburses Funds