Questions - Real Estate Buying

[Krich]

So, doesn't the Buyer have the right to get copies of closing docs signed by both Buyer and Seller?

Especially the Settlement Statement that shows who was paid when the sale funded, signed by the signed by the Settlement Agent and dated?

In my case there was a lien holder getting a big chunk and the pre-sale Settlement Statement shows the guy's name and address... so I'm going to send a certified letter to him asking him to verify that the money that was paid to him was actually paid and if the lien is now satisfied.

It's like pulling teeth to get the title company to provide docs signed by myself and the Seller post sale.

They were all polite pre-sale... but now that funds have been sent to the title company, they are not very forth coming and transparent which to me is a red flag.

Seems like the Buyer should have the right to get copies of closing docs signed by both Buyer and Seller, right?

 

[Snoonyb]

Well, instead af the letter, why not hire an attny, sue the the escrow co. and issue a subpoena, demanding all the records for the transaction, so that you can hide under a rock, while demanding that a legally bound agency reveal privileged information, to assuage your feeling of having been denied others private information.

 

[Krich]

Turns out, they lien holder IS required to post a release of lien since they got paid and their is no more lien... so I was right, I DO actually have a right to have documentation showing the property I purchased is free of liens!

Who knew?

I finally did get the release of lien, so the sale is finally complete!

 

[Krich]

I finally did get the release of lien, so the sale is finally complete!

The title company was just run by a bunch of young whipper snappers who have customer service way down at the bottom of their list of priorities... you know, once they got paid they don't care anymore.

I did not choose this title company and if I ever do another real estate deal where I'm buying, I may tell the seller they need to use a local, reputable title company or I'm out.

 

[nobes]

So, doesn't the Buyer have the right to get copies of closing docs signed by both Buyer and Seller?

Especially the Settlement Statement that shows who was paid when the sale funded, signed by the signed by the Settlement Agent and dated?

In my case there was a lien holder getting a big chunk and the pre-sale Settlement Statement shows the guy's name and address... so I'm going to send a certified letter to him asking him to verify that the money that was paid to him was actually paid and if the lien is now satisfied.

It's like pulling teeth to get the title company to provide docs signed by myself and the Seller post sale.

They were all polite pre-sale Port de Sóller... but now that funds have been sent to the title company, they are not very forth coming and transparent which to me is a red flag.

Seems like the Buyer should have the right to get copies of closing docs signed by both Buyer and Seller, right?

Yes, typically, both the buyer and the seller should have access to the closing documents signed by both parties after the sale is completed. It's essential for transparency and to ensure that all parties involved have a complete record of the transaction. The Settlement Statement, which shows the distribution of funds and payments to various parties, is an important document that both parties may want to keep for their records. If the title company is not providing you with the necessary documents, it's a legitimate concern. You have the right to request these documents to verify that the transaction was completed correctly, and all relevant parties have been paid as per the agreement. Sending a certified letter to the lien holder to verify the payment and satisfaction of the lien is a good step to take to ensure everything is in order. If you continue to have difficulties obtaining the documents you need, you may want to seek legal advice or contact your local real estate regulatory authority for assistance.