DC, MD, VA, PA & FL real estate settlements
The Lender’s conditions are met.
Upon receipt of the signed contract, we contact the sellers and buyers to obtain information so we can prepare documents and order loan payoffs. Government records will be searched to determine whether liens and/or judgments encumber the property.
A survey will be ordered and reviewed to see if there are any encroachments on the lot or whether any buildings violate set-back lines or easement areas. Real estate taxes are verified and communicated to the lender along with a preliminary title report or title insurance commitment.
When the lender provides closing instructions, a Closing Disclosure (or in some cases, a Settlement Statement) is prepared which shows all adjustments and payments that will be made in connection with the transaction. Then parties review the disclosure/statement for accuracy and to determine final figures and then meet at settlement to “close” the transaction.
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10411 Motor City Drive, Bethesda, MD 20817
3600 O'Donnell Street, Baltimore, MD 21224
4113 Cherry Hill Road, Arlington, VA 22207
1054 Potomac Street, NW, Washington, DC 20007
10411 Motor City Drive Suite 690, Bethesda, MD 20817