Sel er's Closing Kit

Transcription

1 Seller's Closing Kit

2 WHAT HAPPENS FROM CONTRACT TO CLOSING Start Here CONTRACT signed with REALTOR Mortgage Co. Buyer applies for loan Abstractor gathers information on the history of the property CLOSER enters order Contract & earnest money receipted REALTOR Your real estate professional is instrumental in assuring your transaction is handled professionally, accurately and responsibly. Credit History Verification of employment (current and previous) Verification of bank deposits Credit Information Appraisal (confirmation of property s value) Examiner reviews the abstractor s research to determine whether or not the title to the property is insurable Commitment for title insurance issued and sent to all parties Information gathering and packaged Loan package submitted to underwriter Everyone wants to CLOSE BUYER S LOAN APPROVED Lender sends closing instructions CLOSER Alamo Title Company Tuscany Stone Suite 240 San Antonio, TX Fax: Preparation of Documents After receiving instructions from lender: *1. Survey *2. Papers ordered: Warranty deed, Note, Deed of trust, Release of lien 3. Pay off figures ordered from existing lender 4. Hazard insurance policy ordered 5. Termite report and other inspections 6. Closer/assistant sets up appointment with buyers, seller & agents to close * Some lenders order and send with closing instructions to the title company Seller signs over deed to buyer All monies are released to the proper parties by the title company Closing & Funding Congratulations on your transaction! Alamo Title Company rev. 05/14/12

3 TITLE INSURANCE PREMIUM RATES 10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000 21,000 22,000 23,000 24,000 25,000 26,000 27,000 28,000 29,000 30,000 31,000 32,000 33,000 34,000 35,000 36,000 37,000 38,000 39,000 40,000 41,000 42,000 43,000 44,000 45,000 46,000 47,000 48,000 49,000 50,000 51,000 52,000 53,000 54,000 55,000 56,000 57,000 58,000 59,000 60,000 60,500 61,000 61,500 62, ,500 63,000 63,500 64,000 64,500 65,000 65,500 66,000 66,500 67,000 67,500 68,000 68,500 69,000 69,500 70,000 70,500 71,000 71,500 72,000 72,500 73,000 73,500 74,000 74,500 75,000 75,500 76,000 76,500 77,000 77,500 78,000 78,500 79,000 79,500 80,000 80,500 81,000 81,500 82,000 82,500 83,000 83,500 84,000 84,500 85,000 85,500 86,000 86,500 87,000 87,500 88,000 88,500 89,000 89,500 For policies of $100,001 - $1,000,000 (1) Subtract $100,000 from policy amount. (2) Multiply result by and round to the nearest whole dollar. (3) Add $875 to the result EFFECTIVE MAY 1, ,000 90,500 91,000 91,500 92,000 92,500 93,000 93,500 94,000 94,500 95,000 95,500 96,000 96,500 97,000 97,500 98,000 98,500 99,000 99, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,002 1,008 1,014 1,019 1,025 1,030 1,036 1,041 1,047 1,052 1,058 1,063 For Policies of $1,000,001 - $5,000,000 (1) Subtract $1,000,000 from policy amount. (2) Multiply result by and round to the nearest whole dollar. (3) Add $5,861 to the result. Please verify using our online rate calculator. 135, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,000 1,069 1,074 1,080 1,086 1,091 1,097 1,102 1,108 1,113 1,119 1,124 1,130 1,135 1,141 1,146 1,152 1,158 1,163 1,169 1,174 1,180 1,185 1,191 1,196 1,202 1,207 1,213 1,218 1,224 1,230 1,235 1,241 1,246 1,252 1,257 1,263 1,268 1,274 1,279 1,285 1,291 1,296 1,302 1,307 1,313 1,318 1,324 1,329 1,335 1,340 1,346 1,351 1,357 1,363 1, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,000 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 11,000,000 12,000,000 13,000,000 14,000,000 15,000,000 20,000,000 25,000,000 30,000,000 1,374 1,379 1,385 1,390 1,396 1,401 1,407 1,412 1,418 1,423 1,429 1,435 1,440 1,446 1,451 1,457 1,462 1,468 1,473 1,479 1,484 1,490 1,495 1,501 1,507 1,512 1,518 1,523 1,529 1,534 1,540 1,983 2,537 3,091 3,645 4,199 4,753 5,307 5,861 10,421 14,981 19,541 24,101 27,861 31,621 35,381 39,141 42,901 46,661 50,421 54,181 57,941 61,701 75,051 88,401 96,401

4

5 Property Tax Guide Bexar Taxing Authority Bexar County Alamo Comm. College of Alamo Heights of Balcones Heights of Castle Hills of China Grove of Converse of Elmendorf of Grey Forest of Helotes of Hill Country Vill of Hollywood Park of Kirby of Leon Valley of Live Oak of Olmos Park of San Antonio of Schertz of Selma of Shavano Park of Somerset of St. Hedwig of Terrell Hills of Universal of Von Ormy of Windcrest Alamo Heights ISD East Central ISD Edgewood ISD Harlandale ISD North East ISD Northside ISD San Antonio ISD South SA ISD Southside ISD Somerset ISD Southwest ISD Bexar Co. Emg Dist # Bexar Co. Emg Dist # Bexar Co. Emg Dist # Bexar Co. Emg Dist # Bexar Co. Emg Dist # Bexar Co. Emg Dist # Bexar Co. Emg Dist # Bexar Co. Emg Dist # Bexar Co. Emg Dist # Bexar Co. Emg Dist # Bexar Co. Emg Dist # Hospital District S.A. River Authority Flood Fund S.A. MUD # Cibolo Canyon SID Westside 211 SID Southwest ISD I&S Only Butterfield Ranch PID Flat $ rate/improved lots Comal Taxing Authority Comal County of Bulverde of Garden Ridge of New Braunfels Boerne ISD Comal ISD New Braunfels ISD Wimberley ISD Emergency Serv. Dist. # Emergency Serv. Dist. # Emergency Serv. Dist. # Emergency Serv. Dist. # Emergency Serv. Dist. # Emergency Serv. Dist. # Emergency Serv. Dist. # York Creek Municipal Dist Rebecca Creek MUD 0.00 Johnson Ranch Bandera Taxing Authority Bandera County of Bandera Bandera ISD Medina ISD Northside ISD Utopia ISD and ESD Flying L Ranch County Special County Road ESD BCRAGD Guadalupe Taxing Authority Guadalupe County of Cibolo of Luling of Marion of New Braunfels of San Marcos of Santa Clara of Schertz of Seguin of Selma Luling ISD Marion ISD Navarro ISD New Braunfels ISD San Marcos ISD Schertz/Cibolo ISD Seguin ISD and ESD York Creek District Lateral Road

6 Property Tax Guide Kendall County Taxing Authority Kendall County of Boerne of Fair Oaks Ranch Boerne ISD Comfort ISD and ESD Kendall Co. Water Control Cow Creek Groundwater Conservation District Lerin Hill MUD Medina County Taxing Authority Medina County (General) of Castroville of Devine of Hondo of LaCoste of Laytle of Natalia Devine ISD Hondo ISD Lytle ISD Medina Valley ISD Natalia ISD Utopia ISD Emergency Serv. Dist. # Emergency Serv. Dist. # Emergency Serv. Dist. # Emergency Serv. Dist. # Emergency Serv. Dist. # Emergency Serv. Dist. # Hospital District Utopia/Vanderpool ESD County FM Road Groundwater Conservation Wilson County Taxing Authority Wilson County of Elmendorf of Floresville of La Vernia of Poth of Stockdale Falls ISD Floresville ISD La Vernia ISD Nixon Smiley Cons ISD Poth ISD Stockdale ISD Wilson Co. ESD # Wilson Co. ESD # Wilson Co. ESD # Wilson Co Mem Hospital Oak Hills Dev Road Dist Card Road District HelroBQ Woodvalley Acres Rd Dist San Antonio River Auth Ecelto Water District Evergreen UWC District

7 Marital History since acquisition of property Marriage? Did spouse live in property? Yes No If yes, include on Contract. Divorce? Yes No If yes, County/State Date Death? Yes No If yes, please provide copy of Death Certificate. Is there a Will? Yes No If yes, was it probated? Yes No How is Title held? Trust, LLC, Corp., etc.? Yes No If yes, please provide copy of Trust Agreement or LLC/Corp. Documents. Bankruptcy? Party to any Lawsuit? Mortgage Info Recent Statement? Yes No If no, provide Lender s name Phone Number Loan Number SS# (the title company will need the SS#) Delinquent on Payments? Yes No If yes, how far behind? Existing Survey? Yes No Legible? Yes No Seal? Yes No Signature? Yes No Directional Arrow? Yes No Any Changes? Yes No If yes, describe changes and sketch on another copy T-47 Affidavit? Yes No Owner s Title Policy? Homeowners Association HOA? Yes No If yes, suggest calling HOA to get information on Resale Cert and Transfer Fee Charge Current? Yes No How often Assessed? Yearly Monthly Quarterly Addresses Title Company Listing Appointment Seller Checklist Yes No If yes, spouse s name Date of marriage / / Yes No If yes, County/State Yes No If yes, please provide details Yes No List of addresses you have lived at for the past 10 years. / / Date / /