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The Buyers' Closing Process

• The purchase agreement is signed by all parties.

• The buyer meets with a loan officer to finalize the mortgage approval process.

• The closing date and time are set.

• Buyers securely manage their personal information using Bold Title Company's online platform to facilitate the closing.

• Buyers submit necessary information, review, and upload documents via desktop or mobile devices.

• Bold Title Company prepares the closing documents and submits them to the lender for approval of the final settlement statement. Once approved, the buyer receives the final purchase costs.

• For security reasons, Bold Title Company requires payment via a cashier’s check made out to the company.

• At the closing, Bold Title Company handles the transaction, disburses the funds, files the deed with the county for recording, and issues the homeowner’s title insurance policy.

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What Should I Bring to Closing?

• A valid photo ID

• Your Social Security number

• A cashier’s check made out to Bold Title Company for the amount listed on your most recent Closing Disclosure

• A checkbook, in case additional charges arise

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How Long Does Closing Take?

Typically, closings are completed within an hour.

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What If I Can’t Attend the Scheduled Appointment?

If you're unable to make your scheduled closing, your real estate agent and loan officer should reach out to your Bold Title Company closer. They can help you arrange a pre-signing or discuss the possibility of using a power of attorney.

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Who Orders Title Work, and How Quickly Can We Close?

The title work is ordered by the lender or loan officer, and Bold Title Company cannot begin its work until that order is received. The usual turn-around time is 3 to 5 days. If your transaction involves a contract for deed or is a cash purchase, your closer will handle the title order.

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When Will I Get a Copy of My Title?

Real estate transfers are finalized through a deed. You'll receive a copy of your deed at closing. After the deed is recorded with the county land records, you'll receive a copy of the recorded deed, along with your homeowner’s title insurance policy.

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What is Title Insurance?

When you take out a mortgage, your lender will typically require lender's title insurance. This policy protects the lender’s interest in your property in case any issues arise regarding the title.

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To protect yourself against any undiscovered claims or disputes over the validity of the title, you also have the option to purchase owner's title insurance. This separate policy is bought at closing for a one-time fee, based on the price you paid for your home. The owner's policy covers all legal fees and costs associated with any covered title issues. If a claim is proven valid, the policy will cover you up to its full face value.

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I Have an Issue with My Property’s Title. Does My Title Insurance Protect Me?

If you purchased an owner's title insurance policy through Bold Title Company, please call us at 612-446-5191  and ask to be connected with our Claims Department. We’ll assist you in determining whether you're covered for the claim.

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If you closed with a different title company, please contact their customer service department for further instructions or follow the steps outlined in your policy.