title insurance reminder

We Will Take Care of Business

Contact us at info@walkertitletn.com to prepare the required documents for your sale of property, including:

  • A Purchase Agreement
  • A General Warranty Deed
  • Legal Description
  • IRS Form 1099
  • Lien Affidavit
  • Bill of Sale for Personal Property

We can also help you:

  • Understand your Purchase Agreement
  • Estimate Time from Purchase Agreement to Title Transfer
  • Avoid Common Delays
  • Understand your Closing Terms

Buyer’s Checklist:

  • Read, understand and complete the Purchase Agreement and any Addendum with your Realtor.
  • Review your Purchase Agreement with your Lender to be sure the dates are feasible.
  • Ask your Lender and Realtor to order a Title Insurance Commitment from Walker Title.
  • Determine what type of deed you will need and how you wish to take title (tenants by the entirety, tenants in common, joint tenants with rights of survivorship, etc.).
  • Obtain the Seller’s completed Residential Property Disclosure and Lead Based Paint Disclosure Form (if applicable).

Seller’s Checklist:

  • Read, understand and evaluate the Purchase Agreement and any Addendum with your Realtor, including Buyer’s contingencies such as financing, inspections, etc., and how they impact the transaction.
  • Locate the title insurance policy issued to you when you purchased your property.  Your policy may allow a discount to your Buyer.
  • Locate details of current mortgages to be paid off at closing including dates, original amount, account numbers, etc.  You will be required to sign a Payoff Authorization Form in order for Walker Title to obtain a certified payoff statement to be used on the settlement statement for closing.
  • Prepare and complete the Seller’s Residential Property Disclosure and Lead Based Paint Disclosure Form, (if applicable) .

We’re here to help with your real estate closing – call us with your questions today!

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