Essentials of Residential Real Estate Closings Seminar Materials

Publication Date: February 2018
Available Formats: Searchable PDF via immediate download
Pages: 436

Information

This comprehensive, stand-alone publication is direct from a February 2018 seminar.

This course was designed for anyone seeking entry-level proficiency in handling residential real estate settlements—whether new attorney or just new to the process.

Covering the essentials from A to Z, with a focus on the purchaser’s side of the transaction, this 3-hour course included the following topics:

  • Registering as a settlement agent
  • The engagement letter
  • The sales contract
  • The title search and title commitment
  • The role of title insurance
  • The lender’s instructions
  • TRID and the Closing Disclosure
  • The settlement documents
  • The settlement conference
  • Post-closing matters
  • Termination letter
  • The seller’s side of the transaction
  • Relevant LEO opinions and other considerations

Copyright © 2018 Virginia Law Foundation. All rights reserved.

 

Table of Contents

I. Registering as a settlement agent page

II. The sales contract

III. The engagement letter

IV. The role of title insurance

V. The title search and title commitment

VI. The lender’s instructions

VII. Processing the File

VIII. Closing Protection Letters

IX. Financial Details: HUD-1, TRID and the Closing Disclosure, ALTA Settlement Statement

X. The settlement conference and documents: Closing Disclosure and Lender Documents

XI. Post-closing matters: recording, disbursing

XII. Termination letter

XIII. Escrow accounting

XIV. Restraints on marketing & fees

XV. The seller’s side of the transaction

XVI. Selected Rules and Ethics Opinions

Appendix

Authors

Kay M. Creasman

Kevin T. Pogoda

Prices

Essentials of Residential Real Estate Closings

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