NRT TITLE AGENCY OFFERS FULL CLOSING SERVICES TO CLOSING ATTORNEYS WHO PLACE THEIR CLIENTS TITLE ORDER WITH NRT. THE CLOSING ATTORNEY MAINTAINS CONTROL OF THE FILE AT ALL TIMES INCLUDING CONTACT WITH HIS/HER CLIENTS.

 

NRT CLOSING SERVICES INCLUDE:

➢ SATISFACTION OF TITLE REQUIREMENTS

• NRT WILL REVIEW THE TITLE BINDER AND OBTAIN ALL PAYOFF STATEMENTS FOR SELLERS MORTGAGES

• NRT WITH THE ASSISTANCE OF THE CLOSING ATTORNEY WILL OBTAIN THE INFORMATION NECESSARY TO OMIT ALL OTHER SCHEDULE B, SECTION 1 REQUIREMENTS

• NRT WILL PREPARE AND FILE THE NOTICE OF SETTLEMENT • NRT WILL ORDER THE RUNDOWN ON THE DAY OF CLOSING

➢ CLOSING PRESENCE

• CLOSINGS CAN TAKE PLACE AT THE OFFICES OF NRT, LOCATED AT 55 ESSEX STREET, MILLBURN, NJ 07041 OR AT A MUTUALLY AGREED UPON LOCATION

• THE CLOSING COORDINATOR FOR NRT, AN EXPERIENCED REAL ESTATE ATTORNEY, WILL ATTEND THE CLOSING OR CAN REMAIN VIRTUALLY UNSEEN

• NRT WILL PROVIDE THE ORIGINAL CLOSING PACKAGE, A COPY FOR THE CLOSING ATTORNEYS FILE, AND A COPY FOR THE CLIENT

➢ POST CLOSING

• NRT TRUST CHECKS WILL BE ISSUED AT CLOSING TO THOSE IN ATTENDANCE, I.E. BUYERS ATTORNEY, SELLERS ATTORNEY, REALTOR(S), AND SELLER

• NRT WILL BE RESPONSIBLE FOR THE POST CLOSING MATTERS INCLUDING ALL POST CLOSING DISBURSEMENTS, MORTAGE DISCHARGE FOLLOW-UPS, AND ISSUANCE OF TITLE POLICIES

• WHEN POLICIES ARE ISSUED, THE CLOSING ATTORNEY AND HIS/HER CLIENTS WILL RECEIVE COPIES TOGETHER, ALONG WITH COPIES OF NRT’S TRANSMITTAL LETTERS TO THE BANK AND CLIENT

Commerical title
Home title

➢ SETTLEMENT AGENT

• NRT WILL ACT AS THE “SETTLEMENT AGENT” AND ISSUE THE CLOSING PROTECTION LETTER TO RUN TO NRT.

• NRT WILL RECEIVE THE BANKS CLOSING PACKAGE AND PREPARE THE CLOSING PACKAGE FOR CLOSING READINESS

• AFTER OBTAINING THE RELEVANT INFORMATION FROM THE CLOSING ATTORNEY, NRT WILL PREPARE THE COSING DISCLOSURES, OBTAIN BANK APPROVAL, FAX COPIES OF THE HUD-1 TO THE CLOSING ATTORNEY IN ADVANCE OF THE CLOSING FOR REVIEW, AND CLIENT APPROVAL ➢ RECEIVING FUNDS

• NRT WILL ACCEPT THE BANKS FUNDS INTO ITS TRUST ACCOUNT WITH TD BANK

• NRT HAS DIRECT INTERNET ACCESS TO TD BANKS WIRE DEPARTMENT

• NRT IS ABLE TO DETERMINE EXACTLY WHEN THE WIRE HITS ITS TRUST ACCOUNT

• NRT WILL OBTAIN WRITTEN CONFIRMATION THAT THE WIRE HAS BEEN RECEIVED

 

➢ ADVATAGES FOR THE FIRM

• LESS PARALEGAL TIME, ESPECIALLY DEVOTED TO POST CLOSING

• LESS TIME SPENT BOOKKEEPING

• LESS TRUST ACCOUNT MAINTENANCE

• LESS LIABILITY

• LESS COPYING

➢ FEE

• THE FEE FOR ALL OF THESE SERVICES IS ONLY $425.00