Many people get a little overwhelmed as they approach closing, and it’s understandable. It’s one of the biggest purchases that most people ever make, and preparations involve a lot of planning and research. You have to trust a team of professionals to come together to make closing run smoothly, and it’s their responsibility to ensure that your trust isn’t misplaced!
In 1997, we decided that Arkansas homeowners needed a truly local option when it came to purchasing a home or an investment property. There’s currently a disturbing trend for lenders to ship customer service call handling and other processes overseas to improve their bottom line. This arrangement often benefits their stockholders at the expense of their clients.
After your offer on a home is accepted, there remains a great deal of work to get you to the finish line. In order to cleanly consummate the sale, you have to be assured that the seller is in a clear position to sell the property. Typically, the home is the largest asset that people own, and if there are delinquent taxes, HOA dues, or unpaid child support, encumbering the property, these title issues must be settled before proper title can convey. These title defects are commonly known as “title clouds” and it is important that you are aware of their existence on property that you may be interested in.