Leugers Group - Brokered by eXp Realty

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"To raise the bar in our society by rendering life-changing high value service that saves the people we serve time, money and frustration."

Friday, December 8, 2017

Guest Angela Petrick Has the Scoop About Closing

Today, we sit down at the FOX 92.5 radio station to talk with Angela Petrick, an expert on titles and closing.

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Today, I’m here at the FOX 92.5 radio station with Angela Petrick from Fidelity National Title to talk about all things title, including closing, title insurance, settlements, and more. We’re really going to dig into Angela’s knowledge and expertise on closing, and we’ll hopefully answer a lot of people’s questions.

Angela, since we live in such a unique area where we serve real estate customers from around the world, tell us what closing actually means.

Closing is basically the day that we transfer title. It’s the day that the new owners actually become owners and the sellers hopefully get lots of money.

We’re a title company, which means we don’t need attorneys to do our closings; a lot of northerners have questions about this because many of those states require an attorney to close transactions. We save a lot of money on fees that way. We do have an underwriting attorney in case a situation comes up that’s complicated, or we just need some advice; every title company has one on hand.

Where do closings typically take place?

They typically take place in our office, but we are also mobile. I’ve gone to hospitals and jails for closings. We can do closings pretty much anywhere. Mail away closings are also an option for sellers living out of state. Because Fidelity is so large, we usually have an office that’s within their range, and if not, we set one up with a mobile notary.

For mail away closings, we work with the lender to make sure that they are aware that the seller or buyer is not going to be present for closing. When it’s the buyer, it’s a little bit trickier because they need to get us our documents in advance. For sellers, we normally call them right off the bat when we get the contract and ask them if they’re going to be present. If they aren’t, we send those documents in advance so that we can have them back by the day of closing.

If you are thinking about buying, selling, or building real estate in Southwest Florida, give us a call or shoot us a text or email. If you have any title related questions, please reach out to Angela as well at 239-476-2226. She’d be happy to help.