The New House

WHAT DOES MONARCH TITLE DO FOR A BUYER?

WE KNOW IT CAN BE CONFUSING

HERE IS A BREAKDOWN OF SOME OF THE KEY ROLES MONARCH TITLE PLAYS INTO YOUR HOUSE BUYING EXPERIENCE

  • Collect personal information from the buyer and seller in order to accurately search the public records in the parish in which the property is located (sometimes this information may be uncomfortable – we must have previous spouses' names to eliminate certain potential title issues)

  • With that information, we collect documents from the public records to provide you with accurate information that affects you, for example, mortgages, liens, and property taxes – this is an abstract of title

  • Scott or Jane examines the abstract of title and prepares a report of the items found in the public records. They then work with the examination report to clear any and all encumbrances from the property and from any party’s name

  • Prorate property taxes between the parties so that the buyer and seller each pay their share of taxes based on days of ownership during the tax year

  • Work with you and your agent to ensure the transactional documents reflect the terms you agreed to in the purchase and sale agreement, plus any and all addendums, extensions, inspection responses

  • Prepare all transactional or lender documents

  • Coordinate a closing with all parties involved

  • Collect all funds in connection with the transfer of property

  • Disburse funds and issue checks as directed in the Closing Disclosure or Settlement Statement

  • Overnight executed documents to the lender as required by your lender or others as may be

  • Provide copies to you of all documents executed in connection with your sale

  • Issue Owner’s and Lender’s Title Insurance providing not only peace of mind but a policy of insurance that protects you as long as you own your property

  • Ensure the sale is registered in the conveyance office and pay amounts due to the Clerk of Court

  • Ensure the mortgage if any, is recorded in the mortgage office and pay amounts due to the Clerk of Court

  • Obtain cancellations of active mortgages and liens that have been paid off with sale proceeds and then follow up with lenders and the parish clerk to ensure those mortgages and liens are cancelled

  • Maintain digital records of all documents executed at the closing

  • Work with you, sellers, lender and real estate agents to successfully transfer the property at closing

Signing a Contract

STILL HAVE QUESTIONS? 

Moving House