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Closing the real estate transaction is basically the investigation made or actions taken by either a title agent or title attorney before the actual issuance of the title policy. There are six basic steps that usually followed in somewhat the same order in every real estate transaction. Although it is not the job of the title agent or title attorney to cure defects in or problems with the title to the property or perform escrow or other services outside of closing the transaction, title agents and title attorney help in these matters on a somewhat regular basis.

  1. Opening the Title Order
  2. Processing the File
  3. Title Search
  4. Title Examination
  5. Document Preparation
  6. Settlement / Closing the Transaction

 


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