Settlement Service Process
To ensure that your loan transaction is a smooth transaction,  we look for anything that may affect the title of the property beginning with its legal description.  We will conduct a Patriot Act check, a domestic relations search and a review of municipal charges and current taxes.    Any items will be listed on a page of Requirements on the Commitment.  These must be satisfied in order to issue a Commitment for Insurance Policy for the property.  If needed, a page of Restrictions will be provided outlining recorded items that cannot be removed from the property such as easements or right of ways.   Once we are satisfied that your investment is protected against any future claims made against the property; only then will Quaint Oak Abstract issue an owner’s policy.

Once we receive the “clear to close” from the lender, a closing or settlement is the next step.  We arrange an acceptable closing date with all parties involved while preparing the HUD-1 Settlement Statement describing the financial transaction.

At the “closing” we will review all documentation and arrange one final “bring down” is completed to insure no other liens, etc. have been filed on the property.   And next, when everything has been signed, and reviewed for accuracy;  we will file the recordable documents at the courthouse.  Finally, Quaint Oak Abstract will disburse all funds to the proper entities.

Closing are held in and out of office. There may be a fee associated with out of office and after 5pm closings.

Settlement services we will provide to ensure your peace of mind:
• Signing of lender documents

• Preparing of Settlement Statement

• Receiving funds and disbursing of funds.

• Completing lender package and assuring return of said documents in a timely manner.