Signature Title & Settlement
When will I get paid?
We make every effort to pay all the parties involved quickly, oftentimes the same day the transaction closes and the documents are recorded. However, this can vary based on the day or time of day the closing occurs. Funds cannot be disbursed until the new deed and mortgage are recorded with the Clerk’s office, therefore, if a closing occurs towards the end of the day or on a Friday evening, it is likely the new deed will not be recorded until the following business day. This in turn delays the disbursements to those parties involved in the transaction i.e. seller proceeds, commissions, payoffs and other vendor payments.
That said, Signature Title & Settlement, makes every effort to record and disburse funds the same day of the transaction if the closing occurs before 2 p.m.
If you are owed net proceeds from the sale of a house, or a commission as Realtor, you can usually expect a check to be cut the same or next business day.
If you would like to receive the funds very quickly, it might be a good idea to select a Monday-Thursday closing date. This way you should not have to wait until the following week if banks or offices are closed. Signature Title & Settlement does not wire or overnight commission proceeds!
What is Title Insurance?
I paid for a title search- why do I also need to buy title insurance?
Is Owner's Coverage expensive?
If the bank requires a Loan policy, why do I need an Owner's policy?
How much will I need for closing costs?
Want to know what your insurance premium are going to be? Use our Fidelity Insurance Rate Calculator to estimate your insurance premiums now.