What can the real estate professional do to make closing a smooth process?
The real estate professional can do a number of things to make the closing process a smooth one for your client. Collect all information possible from your client. Here are some examples of information that will be needed. 1) If your client is an entity other than an individual, the title company will need to verify its legal existence; i.e.: articles of incorporation, partnership agreements, articles of organization, operating agreements, by-laws and so on. 2) If your client is holding title among the land records with a person who has died, evidence of death will be needed in order to pass title to the buyer. This can become very difficult to find once a seller begins to pack up their home for the move. 3) If your client is a Trustee or a Personal Representative for an estate, the documents that create their position will be necessary. A quick call to the title agent at the time of contract can alleviate that panic call the week of settlement.
