Settlement is the time when the money and the deed are exchanged through the escrow services. Upon completion of settlement, you will be the owner of the property!

An escrow officer from your title agency will be conducting the property settlement. They will gather information from you, the Seller, the loan officer, the surveyor and all other individuals involved in the preparation of your purchase.

The escrow officer will make sure that the terms of your loan are accurate, that all your Lender’s documents are properly signed, that the Seller’s loan on the property will be paid off and released, and the deed transferring the property to you is in proper form and is signed. They will walk you through each and every document involved in settlement. This is the time that you will sign your final loan paperwork and other documents containing the legal terms of your purchase. Make sure that all of the terms are correct and ask questions if you have any doubts. Once all of the documentation is signed, the original deed is sent to the courthouse for filing on your closing date and it is later forwarded to you.