Land Titles of Ruidoso, LLC serves all of your title insurance needs throughout beautiful Lincoln County, New Mexico. Land Titles of Ruidoso provides title insurance for the security of the new land and home buyer. In addition, Land Titles of Ruidoso thoroughly prepares and handles all of the final closing details. Land Titles of Ruidoso is part of an American historical tradition which embraces progress, endurance and independence.
CLOSING A TRANSACTION
It cannot be underestimated why you need title insurance. With all of the investment that goes into buying a new home, the home buyer should behold a high degree of confidence that the home is safely theirs. Land Titles of Ruidoso specializes in this service and proudly assists all land and home buyers throughout the purchasing of their investments.
Once all parties are ready to close the transaction, the Real Estate Agent or Closing Agent calls and makes appointments for signing of the documents and Settlement Statements. When everything has been signed, moneys are received from the buyer and lender (if one is involved), authorization to record takes place. Locally and globally.
Allowing a financial arrangement through independent third party escrow services regulates the payment of the funds required for two parties involved in a given transaction to satisfy the funding requirements. While the payment is 'In Escrow' the transaction can be safely carried out without risk of losing money due to fraud.
Property investments that fall under a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property, and to defer all capital gain taxes under IRC Section 1031. Our company has the experience to work through the strategic details of a "1031".
Documents are sent to the Court House for recording. Disbursement of funds occurs after recording. If closing is in the afternoon, recording and disbursement may not happen until the next business day. Proceeds to the seller can either be picked up, mailed or wired and/or deposited to a bank of seller choice.
When opening an escrow order, a letter requesting information is sent to the seller for details regarding the property. Once this letter is sent back. the closing agent starts the closing process based upon the information you provided. Our research for special documents pertinent to the successful closing of the real estate transaction are done in-house.
Buying a home is, for many of us, the biggest single investment we'll ever make. We retrieve documents evidencing events in the history of a piece of real property, to determine relevant interests in, and regulations concerning, that property.
Property transactions introduce many new terms that are common in real estate. We have supplied a list to help you understand the definitions of them so to familiarize the information contained within the legal documents.