If you have found a house that you fell in love with and are already approved for a loan, the major step toward making the property yours is the closing. You may believe that all you have to do is show up and sign the deed to make the house your new home.
However, there are other things involved in closing on a property that you may have difficulty navigating if you attempt to go it alone. Below are a couple of the benefits of using a title closing service to assist you with the closing process before buying a new house.
1. They Make Sure That You Have the Required Copies of All Documentation Related to the Property Before You Close
One benefit of using a professional service to help you with the process of closing on a new house is that they will make sure that you have copies of all required documentation. Along with having a certified copy of the property deed, other paperwork may be needed before you can fully close on a house.
For example, they can research the property and obtain copies of any survey reports and topographic information that could affect what is found on the deed. If there are any discrepancies, they can go through the courts to update the deed to reflect the property's surveyed boundaries and land features.
2. They Research to Make Sure That There Are No Hidden Liens Against the Property Before You Buy It
Another benefit of using a title closing service is that they will also conduct a search for any liens on the property while looking for other types of documentation related to the deed. If the previous owners incurred any debts, even if they were unrelated to the property, they may have had court action taken against the property.
If any unsettled liens were to come up at closing without being addressed, they could cause a delay or impede the process entirely. Or, if the liens were not found until after closing, you may be legally responsible for the debts. Having a service find these liens beforehand can help prevent these complications.
Before you purchase a home, you should use a professional service to ensure that you have all copies of documentation related to the property in hand before you close on it. While obtaining these documents, they can also thoroughly research the home to make sure that there are no hidden, undisclosed liens that may hinder you from purchasing the home or require that you pay off any previous debts related to it.
For more information on title closing services, contact a professional near you.