Frequently Asked Questions

1. What do I need to bring to closing? VALID Driver’s license or government issued photo ID. Some lenders require two (2) forms of ID, please be prepared, if this is the case.

2. I’m expecting to BRING money to closing. Who do I give my funds to and what form of payment is accepted? Haskell Abstract & Title Company must receive funds prior to closing. The closing is not final until all funds are received. To ensure the title company has funds in their escrow account in time for closing, please wire funds the day before closing. Typically when wiring from a regular bank account the wire transfer can take up to 24 hours to be completed. If funds are being wired from an account other than a bank (ie: financial broker account) it can take anywhere from 3-5 business days for the funds transfer to be completed. Please note, if the title company does not receive funds in a timely manner, it could delay closing.

3. I’m expecting to RECEIVE money from closing. How and when will I receive my funds? A form will be provided at closing to be completed. For wiring funds, please bring a voided check and confirm with your bank that the routing number on your check will work for wiring funds into your account. Deposit slips are not accepted. Haskell Abstract & Title Company has two business days to disburse the transaction. Please note that it can take 24 hours to post a wire to your account after the wire has been sent. We will only wire funds to checking accounts and savings accounts. We do not wire funds to financial brokerages or similar accounts.

4. Seller Closing Cost Credit: Each Lender handles how the seller’s closing cost credit will show on the settlement statement. Typically, lenders will not allow the amount of a seller closing cost credit to be more than the actual closing costs.

5. What steps need to be taken if I am not able to attend closing? There are two options. Haskell Abstract & Title Company can do an e-mail or mail away closing or a courtesy closing can be done through your local title company, fee to be determined. Haskell Abstract & Title Company should be notified immediately once the decision is made you are not able to attend closing so the necessary steps can be taken.

6. What are your office hours and contact info? We are open Monday - Thursday from 8am-5pm and Friday from 8am-4pm. Our phone number is 940-864-2604. Our fax number 940-864-2840.

7. How will I know the closing transaction is complete? Once the transaction has been recorded and disbursed Haskell Abstract & Title Company sends out an email notifying all parties. Please make sure your closer has your email address on file.

8. What do I need to know if I am selling and buying a house in the same day? This can be challenging if, in order to buy the new home, you need the seller proceeds from the home you are selling. Please make sure the title companies in both transactions are aware. Please note, although Haskell Abstract & Title Company will do everything possible to accommodate a same day settlement, we will not guarantee funds will be received from your prior settlement in time and on the same day as closing. Please call the office to discuss this matter further.

9. How do I receive copies of my closing documents? We provide copies of your documents at the closing table, unless Seller is not present, then we will e-mail or mail you copies.

10. What is a title search? A title search is an examination of public land records verify 1) the seller is the legal owner of the property and 2) there are no pending legal encumbrances such as liens, restrictive covenants, taxes or other claims that may affect the value of the property and/or marketability of title. We will also search the buyer’s name for judgments/liens as well.

13. How do I receive keys to the new home? Contact your real estate agent to find out how you will receive the keys.

14. Why do I need Owner’s Title Insurance? The Owner’s policy protects the buyer’s interest in the real estate property and continues for the period of the buyer’s ownership. The seller or buyer, dependent on the contract, pays a one-time premium at the time of settlement. This protects the buyer against prior title defects, or claims made against the title.

15. When will I receive my deed and title policy? The deed is usually mailed to the Buyer within a couple of weeks after closing and the title policy within 30 to 45 days.

16. How do I know how much money to bring to closing? Your closing or loan officer will provide you with this amount prior to closing, so please DO NOT wire money until you have been notified to do so.