What do I need to bring with me to settlement?

-You will need to bring a valid government issued photo ID, for example: Driver’s License, Passport, or Military ID. Any and all monies that are collected during the settlement must be in the form of certified funds which can consist of a cashier’s check, teller’s check, money order, or certified personal check or wired funds to our office. Should you be bringing cash to the settlement, please let us know before hand. Only small amounts of cash are expectable. If additional documents are needed, our staff will contact you and let you know what is needed prior to settlement.

How long will my settlement take?

-Depending on the type of transaction you are settling on, refinances can generally take from 30 to 45 minutes, while a purchase will take 45 minutes up to an hour and a half.

When should I set my appointment with Champion Title to arrange mysettlement date?

-If your transaction is a purchase you should contact Champion Title right away so that we may start conducting the necessary steps we need to take to obtaining a clean and clear title for your new property. Contacting us ASAP allows us to work best for you and allows us to coordinate the settlement with all parties involved. If you are refinancing, we recommend you contact us once you have submitted your loan application. -Once your loan is submitted, we will be working hard during that time to obtain a clean and clear title and then will be able to move forward towards your settlement date.

Can my settlement be conducted if I am unable to attend?

-In some situations a “power of attorney” would be drafted for you in the case that you are not able to attend the settlement. A power of attorney is a legal document that is prepared, that allows another individual to sign legal documents in your absence. Please contact immediately if you feel you will not be able to attend your settlement.

What is the role of a title company?

-Champion Title takes the worry out of your settlement. When we receive your file a chain of events occurs. We make sure that the seller listed on the contract is indeed the owner of the property being sold. From that point we will conduct a title search. This research will let us know if there are any liens or judgments against the seller that are attached to the property being purchased. Should any issues arise, we will take care of clearing any title defects. At the settlement table, we will be the collector of all funds from all parties involved. We also transfer ownership and issue title insurance for both lender and purchaser.