Other Information Needed by the Title Company
Lender
- Existing lender: Do you have the seller’s loan number?
- New lender: Do you have the new lender’s name and phone number? Please don’t forget the loan officer’s name!
Power of Attorney
- If a Power of Attorney is required, have you notified the title company and the new lender?
Homeowners Insurance
- Has the purchaser provided the title company with his homeowners insurance carrier?
Listing Agreement
- Confirm your contract with the seller.
Quick Closing
- Look at the closing date. If we have a quick turn around, a copy of the seller’s owners policy, existing lien information (name of lender and loan number) and/or assumption information (name of lender and loan number) is essential to complete the transaction.
Good Funds
- “Good Funds” is required under Article 9.39A of the Texas Insurance Code. Good funds are normally classified as a cashier’s check or wire transfer. Should you need any further information, please ask your South Land Marketing Representative or Escrow Officer.
