The parties agree and execute a contract
02. EARNEST MONEY
Door Title receipts the buyer’s good-faith “earnest money” in order to make the contract valid.
03. Open ORDer / Title Search
The title agency places an order with the title plant and a search of the property is conducted to make sure there are no liens or encumbrances on the real estate.
04. Title Review
After a search is conducted, the title agency provides a title commitment with its findings for the parties to review
To the extent there is any cloud on title (i.e. issues that would affect ownership of the real estate), the title agency takes steps to cure it.
The parties sign the necessary legal documents to consummate the transaction.
Door Title distributes all money received from the buyer for the property according to the terms of the purchase contract.
After all the necessary legal documents have been recorded, the title agency issues a title insurance policy to the buyer.