Signature Abstract
Your settlement experts since 1997
Visit any of our offices:
Settlement
You may be nearing the end of a real estate transaction. You might be the seller, finally getting a property off your hands, or a buyer, finally moving into your new home. The last thing you want is complications in the final steps of the buying/selling process.
An experienced title officer helps guide you through these final steps, answering any questions, discussing the purpose and importance of documents with you before signing, and instructing you on the next steps you’ll need to take post-settlement. Our goal is to help you through the entire settlement and leave you feeling confident and prepared.
Phone: 610-376-1818 | Fax: 376-1878
Disbursement
So how is disbursement related to settlement? As you finish up selling real estate, there are other transactions you need to consider and prepare for. HOA dues, taxes, and utility bills continue coming to you. These additional fees should be documented, paid, and closed properly so you can move forward without them attached to the Title.
Disbursement is the process of documenting, paying, and closing these important bills attached to the property and title. Make sure your transactions are managed and paid properly with a qualified disbursement team.
Escrow
Escrow is a necessary part of a real estate transaction in order to ensure money goes where buyer, lender, and seller intend it to. A transaction between a buyer and seller with no third part could end catastrophically if either party makes a mistake with handing the money. If the buyer had loaned money for the sale, the lender will want to ensure the money is not misplaced. This is why a trusted third party such as professional escrow
About Us
Signature Abstract has decades of experience in successful settlements, disbursement, and escrow in Pennsylvania. Our bonds with clients go back as far as our opening in 1997. We help you navigate the process, understand what steps you need to take, and finish the process as smoothly as possible. The closing process consists of three connected pieces: Settlement, Disbursement, and Escrow. With a professional team handling them you can feel sure the transaction will be completed to your needs.
FAQs
What should I expect from the settlement?
When in the settlement process, we work with you to fill out important documents and prepare for the next steps. Ask us any and all questions about the buying or selling, the purpose of any documents, and why you should or shouldn’t do something. This is a step to prepare paperwork properly and make sure everyone is on the same page before closing.
What are the steps for disbursement in real estate?
The first steps include documenting all potential fees that could relate to the title of the home. These fees can follow the title and put the burden of paying them onto the buyer, when the seller should have handled them. This why why we then make arrangements for you to pay all these fees properly and have them closed at the right time. This leaves the title clear and ready to pass to the buyer.
Why would my title officer need to hold my money?
When dealing in real estate, usually large amounts of money are involved. This money could be mismanaged – intentionally or not – if not handled by professionals in escrow. In some cases, you may not be able to get a loan if you do not work with a professional. Work with a title officer to reduce the likelihood of mismanagement and for a smoother transfer of money.
Are there programs to help first-time home buyers?
There are usually multiple programs available for first-time home buyers to receive support in this big step of life.
Make sure you both validate that the program is legitimate and from the government or another reputable source, as well as ensure you follow all guidelines or requirements they may have. There are programs available per state, county, town, and more, so you might have multiple options for assistance.
Contact Us
Our team takes pride in finishing a sale with satisfied clients. If you are going to buy or sell in Pennsylvania, contact us to work with the experts. We have experience all over the state, but especially near our three offices in Lancaster, Wyomissing, and Orwigsburg. Give us a call to get started.
Phone: 610-376-1818 | Fax: 376-1878
Wyomissing Location
1100 Berkshire Blvd., Suite 100
Wyomissing, PA 19610
Orwigsburg Location
132 E. Market St.
Orwigsburg, PA 17961
Lancaster Location
740 Eden Rd.
Lancaster, PA 17601
