Pre-closure: I see the light!
After you get through these steps, the rest of the transaction should be fairly smooth. The title company will be running a full title search and your lender will be working towards loan approval. Since you’ll be preparing for closing, you still may have some more paperwork to review or fill out:
• Schedule A of the title commitment. This identifies the current owner and the legal description.
• Schedule B of the commitment. This identifies if there are any easements, mineral reservations, and restrictions that won’t be covered by your policy.
• Schedule C of the commitment. This lets you know if there are any requirements that you must meet prior to closing. Common examples include paying off liens or resolving ownership problems.