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Meridian Abstract & Title Company
The Closing Process - What to Expect
1. Real Estate Contract received from
customer or Refinance request
received from lender
2. Meridian Abstract & Title Company
("MATCO") Guaranty File set up
3. Title Examination performed by MATCO
4. Title Commitment Prepared by MATCO
5. Payoff (current lien) to be ordered by MATCO
6. Survey ordered and prepared
(ordered by customer or MATCO) if required
7. Pest Inspection (if required), ordered by
customer
or MATCO
8. Appraisal (if required), usually ordered by
lender
9. Septic Inspection (if required), usually ordered
by
realtor or lender
10. Closing Instructions received from lender -
cannot
schedule closing date without this information!
11. Hazard/Homeowner's Insurance proof of
coverage received
12. Closing - sign documents and exchange funds
13. Documents recorded at County Clerk's office
14. Title Insurance Policy issued!
Closing costs,
WHAT closing
costs?
Happy
enjoys
relaxing
during
closings
because she
knows that
Meridian
Abstract &
Title has
EVERYTHING
under
control!
The closing process can be
confusing, maybe thiswill help!
This is the order in which we
process files...