Buyers, Sellers, Agents, Borrowers & Lenders
The Pinnacle Solution
Whether you’re buying, selling, or refinancing, we want to help. Need guidance on the steps involved in buying, selling, or refinancing? Confused about the terms lenders and agents use? Not sure of what’s required before you purchase, sell, or refinance a property? We can help.
Explore Our Title Process Flowchart
From when the title request and/or contract is received to the time you sign the final closing documents, we’ve broken down every step in the settlement process.
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Explore Our Buyer To Do List
As a buyer, you need to make sure you’ve completed certain forms and documents and met appropriate requirements.
Explore NowExplore Our Seller To Do List
As a seller, you need to make sure you’ve completed certain forms and documents and met appropriate requirements.
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Recommendations & Requirements
Home Inspection
Whether you are buying a new home or a previously owned home, you should hire a home inspection company to inspect the entire house. While an inspection is not a guarantee that the home is and will remain in perfect condition, it can save you thousands of dollars in repairs.
Pest Inspection
After the sales contract is signed, many lenders will require a termite inspection to make sure the property is free of termites or other wood destroying insects or pests. You will need to send the detailed report from the pest inspection company to Pinnacle Title.
Insurance
You will need to have homeowners/hazard insurance to insure your home, its contents and personal liability. You should arrange to obtain the insurance at least 7 days prior to your scheduled settlement. Your lender will require you to provide evidence that the insurance is in effect prior to settlement.
Survey
If you are purchasing a single family home or townhouse, a house location drawing or boundary survey may be required by the lender to property depict improvements (such as the house, fence, shed, etc.) on a property in relation to the property boundaries. We strongly encourage you to consider having a survey performed even if your lender doesn’t require one. Pinnacle Title can help you order the survey and advise you as to which type is most appropriate for your situation.
Home Warranty
An annual service contract that covers the repair or replacement of important appliances and systems components that may break down over time, such as HVAC, water heater, refrigerator, etc. Homeowners only have to pay a deductible at the time of service. Popular warranty companies include: HMS, AHS, 2-10 Home Buyers Warranty.
How It All Works
Contract/title request received.
File sent to pre-processing and the title search is ordered.
Processor receives the file and sends out welcome emails to gather information. view form
Examine/review title and clear any issues/encumbrances (also known as liens/clouds). Secure your ownership with Title Insurance.
Title commitment prepared and
sent to lender.
Schedule closing.
Title company coordinates with the lender to prepare the settlement statement.
Settlement statement sent to parties and funds needed for settlement are wired.
Settlement occurs and all parties
execute documents.
Disburse funds and file documents with land records.
Once original documents are received, Pinnacle Title will prepare and issue the final title policies.
Pinnacle Title will confirm all
releases are filed and title is clear.
File reviewed by attorney to make sure any outstanding issues have been resolved.
