Yes, buyers and sellers have the right to choose which title company they want to have insure their interest and provide settlement services for the deal. We are proud to say that Zing Title is 100% independently-owned. That means all of our business is by referral, and we will handle each transaction with care and [...]
Escrow refers to the process in which the funds of a transaction (Earnest Money Deposit, Water Escrow, Seller Proceeds) are held by the title company, pending the fulfillment of specific instructions or closing of the transaction.
The time it takes to get to a closing of a real estate transaction is largely determined by the contract between the parties and the time needed to get lender approval if a mortgage is involved. In a typical residential transaction, most contingencies (other than financing and sale of the Purchaser’s residence) can be removed [...]
“Closing Costs” is a catch-all term that refers to the expenses involved in closing a real estate transaction. These costs are determined by the contracts between the parties, applicable laws and local customs. The following explanation of “closing costs” is based upon our sample Real Estate Purchase Contract.
Once the contingencies of the purchase contract have been satisfied and the borrower’s loan is approved, the closing documents are prepared to finalize the deal. The parties then agree on a time and date to finish the transaction. At the closing, documents are signed, monies collected and all items are disbursed. The seller gets any [...]