What Does the Title Agency Do at The Closing?
The closing will consist of the funds from all parties to be disbursed in accordance with the HUD -1 Settlement statement. KeyStone Title Agency is a neutral third party that will handle these transactions and file the necessary paperwork: deed, mortgage documents, etc. with the Clerk of the Circuit Court.
What Happens After Signing the Documents at Closing?
After your lender approves the signed documentation, KeyStone Title Agency will record the deed and any mortgages at the county recorders’ office where the property is located. Keystone Title Agency will then pay all recorded unpaid bills associated with the transaction with the allocated funds. Now, the new home is officially transferred to you, the new owner!