Power(s) of Attorney (if any) must be
reviewed and approved by the title company prior to settlement.The
Original must be presented at settlement to be recorded with
the deed.
You should review the title report. Pay
particular attention to the mortgage(s), judgment(s), and tax
liens listed on the report against you. If there is an mortgage,
judgment or other lien shown on the report which you have paid
or you were not aware of, contact us prior to settlement directly
or through your agent or attorney.
You will need to
provide at settlement:
Some items (e.g. tax
receipts) can be ordered in advance by PLT as required.
Proof of identity (Photo I.D.) for each
principal in the transaction
Social Security Number for each Seller
Tax receipts and/or certifications for
the years requested on the title report (Canceled
checks or mortgage company escrow statements are not acceptable).
Sewer and Water receipts and/or certifications
if the service is provided by a municipal authority and is considered
a “lienable item”.
Termite, Mechanical (Heating, Electrical,
etc.), Use and Occupancy, Septic, Well and Water Potability certifications
as may be required under the Agreement of Sale, Mortgage Company
Commitment or Applicable Law.
Condominium (3407) or Homeowner Association
(5407) Certificate if applicable.
Funds
Mortgage, Judgment or other Lien Payoffs
must be in writing.
Verbal payoffs are not acceptable
Proceeds due you will be paid by check.
When using your proceeds to purchase another
property, our check is accepted by other title agents/companies
in the Philadelphia Metropolitan area.
If you are purchasing a property and closing
out of the Philadelphia Metropolitan area, please advise us prior
to settlement so we can arrange to have a “bank” check
or wire the proceeds.We will not accept verbal instructions to
wire funds, they must be in writing.
This is a basic check-list
other requirements may be set forth in the Title Report.
As always, if you have
a question or concern please contact us prior to settlement.