Assurance Title has been preparing seller's closing statements for decades. As a leader in our industry, Assurance Title began preparing the seller closing statements before this became a popular, common service. We have an experienced closing team that works together compiling data and keeping up with current market changes. Together our closing team produces a quality closing statement for the sellers.
To "assure" yourself and your client of a smooth closing, we will need three (3) components:
- To procure written mortgage and/or judgment payoffs, in addition to municipal information, we require that an "Authorization to Release Confidential Information" be completed by the sellers and returned to us. This is to comply with Wisconsin State Statute SS196.137, known as Wisconsin Act 25 protecting owner's rights regarding municipal information and to also comply with the lender's instructions for receiving mortgage payoffs.
- A fully executed copy of the Offer to Purchase along with any Counter-Offers, Addendums and future Amendments.
- Keep us informed. If there are any price adjustments, closing date adjustments, remember to keep us in the loop. Are there any inspection repairs? Just keeping us aware of the odds and ends can make all the difference.
Our trained staff understands how crucial this step is. We prefer to email completed statements for your review first, prior to sending this to the seller(s). Once we have your approval, we will be happy to mail or email statements directly to your client, or if you prefer to handle this, just direct us as to your specific needs.
Assurance Title has enjoyed working with many attorneys over the years. We always recommend that sellers contact their attorney prior to the negotiation process in a real estate sale. (Refer to the FSBO section of our website).
Disclaimer: At Assurance Title we strive to have the seller's closing statement completed one (1) week prior to closing, however, sometimes certain conditions make this impossible such as: late municipal reports, waiting for repairs to take place and receipt of repair invoices or other invoices, unexpected natural catastrophes such as hail or wind damage or flooding, or rush order situations.