Frequently Asked
Questions
Q: What do I need to bring to
closing?
A: As a buyer you will need to bring to closing the funds,
(certified or cashier's check or a bank wire) necessary to complete
your purchase. Personal checks will be accepted for an amount less
than $1,000.00. Both buyers and sellers will need to bring photo
identification to closing.
Q: How long will the settlement take?
A: While the time can vary, typically a closing will last
between 30 and 60 minutes.
Q: How far in advance should I contact TAI
Direct to handle my settlement?
A: If purchasing, you should contact TAI Direct as soon as
you have a signed contract. By contacting us as early as possible,
you allow us adequate time to obtain a title abstract on the
property being purchased and clear any outstanding "clouds" on
title prior to your contracted settlement date. Additionally, we
can better coordinate the settlement with all parties involved
including the sellers, purchasers, real estate professionals, and
lenders. If refinancing, you should contact us after you submit
your loan application. Do not wait for final loan approval, as the
time between your loan approval and settlement is often only a few
days. By scheduling with us early, you allow us time to obtain the
title abstract and clear any issues with your title, obtain payoffs
from your current lender, and coordinate closing with your new
lender.
Q: What if I cannot attend
settlement?
A: In certain circumstances, a "power of attorney"
can be prepared for you. Please call or e-mail one of our closers.
Please also keep in mind that not all lenders will allow a power of
attorney to be used for closing.
