Answers to Common Consumer Questions

What is an Insured Closing?
An insured closing provides additional safe-guards to the buyer, seller, lender and Realtor by doing the following :

• The public records are searched immediately prior to closing to make sure that no new liens have been recorded against the property since the effective date of title insurance commitment.
• The closing agent is responsible for seeing that IRS reporting requirements and other governmental requirements are handled properly.
• The lender is assured that their mortgage has first place before any other lien except real estate taxes.
• The closing agent accepts only good funds and records deed, mortgages, or other documents immediately after closing.
• In an insured closing, the responsibility for seeing that the terms of the purchase agreement, the lenders instructions and any legal requirements are complied with, is placed in the hands of the title company.

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