This is the handling of a transaction for the purchase and sale of real estate where the seller of the property obtained the property via a tax sale and a quiet title is needed to clear title to the property. The fees include the filing and prosecution of an uncontested quiet title action, drafting of the closing paperwork (including the deed), escrow and handling of closing funds, and escrowing the recorded deed to be filed upon payment in full. Our closings can be conducted entirely virtually using video conferencing.
Frequently Asked Questions
The Seller will generally pay of the quiet title and the closing and settlement fees are generally split evenly between the parties; however these terms are negotiable and one party can agree to pay all or some of the closing fees for the other party. Ultimately, we will follow the language of the contract when it comes to the charging of settlement and closing fees.
The settlement fees are not due until the time of closing and will be deducted from any funds received from the buyer prior to disbursement of the proceeds to the seller. The fees, including any charges owed to third parties, will be listed on the settlement statements to be signed at the time of closing.
No. We are proud to offer fully virtual closings that can be conducted via video conference and/or e-signature. Some of the advantages to virtual closings include the ability to avoid the drive to the closing office and the flexibility to log on for your closing anytime within the closing period (generally 24 hours or more) to sign or notarize your documents. Additionally, closing funds can be wired or deposited at any US Bank location for your convenience.
The drafting of the purchase contract and/or loan documents is not a part of the standard closing services. That being said, our law firm is happy to assist with these services for an additional fee. The legal fees for document drafting are due at prior to service being performed and can not be paid at closing at this time.
The biggest variable is how long it takes to find and serve all of the interested parties. If some of the parties are difficult to find or avoid service, it may take a while. With that being said, the average timeline for a quiet title action is 90-120 days from start to finish.