For Sale By Owner

InHouse Title Company can assist parties to a For Sale By Owner (FSBO) transaction throughout the entire title, escrow and closing process.   For a brief explanation of exactly what these services are and why you probably need them if you are selling or purchasing real estate. 

The process begins by "Opening Title" with us.  This simply means that we receive your contract (either by your delivering it to us or our picking it up from you) and earnest money check (made payable to InHouse Title Company).  We deposit the check into our escrow account and hold the funds until disbursement at or after closing. 

Then we perform a title search and issue a committment for issuance of a title policy of insurance.  If a new survey of the property is required, we order it, receive it and review it.  We research the status of property taxes and home owners association dues on the property and calculate the prorationing of those items through the closing date.  Then we prepare a closing statement (in transactions where the buyer is receiving a federally insured loan, this is prepared on a HUD-1 form). 

Finally, after all this is done, we can go perform the closing.

Give us a call and we'll be happy to discuss this process with you.    

 

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