Resources
Frequently Asked Questions
Closings & Settlement
What happens during the closing process?
The closing is the final step in your real estate transaction. During this process, all parties sign the necessary documents, funds are transferred, and ownership of the property officially changes hands. We guide you through each step to ensure a seamless experience.
How should I prepare for my closing?
Bring a valid photo ID and any documents requested by your lender or title company. Be prepared to review and sign legal documents related to your purchase or refinance. If funds are due, make sure they are delivered in the form of “good funds” (see below).
What are “good funds” and why are they required?
Indiana law requires that funds exceeding $10,000 be delivered via wire transfer or cashier’s check—these are considered “good funds.” They ensure immediate availability and secure disbursement at closing.
Can I schedule a closing after hours or remotely?
Yes, we offer flexible options including after-hours appointments and remote closings, depending on the nature of your transaction and location.
Title Insurance
What is title insurance, and why do I need it?
Title insurance protects against potential defects or claims on the property title that could affect your ownership—such as unpaid liens, recording errors, or unknown heirs. It gives you peace of mind knowing your investment is secure.
What’s the difference between a lender’s policy and an owner’s policy?
A lender’s policy protects the lender’s interest in the property up to the loan amount. An owner’s policy protects your equity and ownership rights. While a lender’s policy is often required, an owner’s policy is optional but strongly recommended.
Do I need title insurance for a newly built home?
Yes. Even though the structure is new, the land it’s built on may carry past ownership claims or unresolved liens. Title insurance helps ensure you’re protected from those potential issues.
How long does an owner’s policy last?
An owner’s title insurance policy provides coverage for as long as you or your heirs have an interest in the property. It’s a one-time payment made at closing for lifetime coverage.
Policies & Security
What should I do to avoid wire fraud?
Always verify wiring instructions with our office over a trusted phone number—never rely solely on emailed instructions. Wire fraud is a growing threat in real estate, so vigilance is key. We’ll help you stay secure.
Can I update wiring instructions via email?
No. For your safety, we do not accept changes to wire instructions via email. Always call us to confirm any financial information.
How much does title insurance cost?
Costs vary based on the value of the property and location. We’ll provide a clear estimate of all title and closing fees before your closing date.
Glossary
- Abstract of Title
- Appurtenance
- Chain of Title
- Clear Title
- Cloud on Title
- Deed
- Easement
- Encroachment
- Encumbrance
- Escrow
- Fee Simple
- Grantor / Grantee
- Lien
- Plat
- Quiet Title Action
- Real Property
- Right of Way
- Survey
- Title Insurance
- Title Search
- Tract
- Warranty Deed
A summary of all recorded documents and proceedings related to a property, showing its ownership history and any claims.
A right, privilege, or improvement belonging to and passing with the land (e.g., a driveway or easement).
The sequence of historical transfers of title to a property, from the original owner to the current one.
Ownership of property that is free of liens, disputes, or legal questions.
Any claim, lien, or encumbrance that may impair the title to real property.
A legal document that transfers ownership of real estate from one party to another.
A legal right to use another’s land for a specific limited purpose (e.g., utility lines, access roads).
An unauthorized physical intrusion onto another’s property, such as a fence or building.
A claim or liability attached to property, such as a lien or mortgage, that may affect its transfer.
A legal arrangement where a third party temporarily holds money or property until a transaction is finalized.
The highest form of property ownership, with unlimited duration and complete control.
The person transferring title to property (grantor) and the person receiving it (grantee).
A legal right or claim against a property as security for a debt or obligation.
A map that shows how a tract of land is divided into lots.
A legal proceeding to establish a party’s title to real property and remove any disputes or clouds.
Land and anything permanently attached to it, like buildings or fixtures.
A legal right to travel across someone else’s land, often granted for roads or utilities.
A precise measurement of land that establishes boundaries, improvements, and potential encroachments.
A policy that protects against losses due to title defects, liens, or other legal issues.
An examination of public records to determine and confirm a property’s legal ownership and identify any issues.
A defined parcel of land.
A deed that guarantees a clear title to the buyer and protects against any future claims.