Frequently asked questions about title insurance

What sets apart Brooks Title from other title companies?

Brooks Title is an independently-owned and operated company committed to providing the highest level of customer service. Our goal at Brooks Title is to make your real estate transaction as enjoyable and efficient as possible. Whether you are purchasing, selling, or refinancing, our team will provide you with the most dedicated and knowledgeable staff in the industry. We are prepared to handle all your settlement needs and answer your questions in a timely manner, so that you can appreciate one of the biggest investments in your life, rather than worry about it.

Return to top

What is the main function of the title company?

The title company must prepare and record documents required for closing and handle disbursement of funds. The title company coordinates with realtors and lenders to ensure the closing package is available and prepared in time for your settlement date. Brooks Title will make sure that a title search is conducted and reviewed to ensure that the property is marketable and free from any encumbrances or title defects. We work with your realtor and lender to ensure compliance with the contract and address potential title and survey defects. Our experienced staff is available to answer any other questions or concerns you may have prior to settlement. Our goal is to ensure that your settlement runs as smoothly and efficiently as possible.

Return to top

When are the settlements scheduled?

For purchase and refinance transactions: We schedule settlement between 8:00 AM and 6:00 PM Monday through Thursday and 9:00 AM and 5:00 PM on Friday.

Return to top

How long does it take to conduct my settlement?

Typically, a settlement will take about 30 minutes to an hour. Most documents you sign at settlement are standard for every transaction. Should you wish to read these documents ahead of time, please let us know in advance so that we can try to forward you the standard documentation for your review prior to settlement.

Return to top

Do I have a choice in selecting title insurance?

Yes. Brooks Title offers the ALTA Homeowner's Policy in addition to the standard ALTA Owner's Policy. The protection from title defects offered by the ALTA Homeowner's is more extensive than the standard Owner's Policy. The ALTA Homeowner's Policy also includes affirmative mechanic's lien coverage.

Return to top

Can I have my funds for settlement wired into your account?

Yes, Brooks Title requires funds needed for settlement are wired and accepts wired funds at no charge. If the funds are not received by Brooks Title prior to your settlement, your settlement will be incomplete. We will accept a personal check for any amount due under $1,000.00. A balance due more than $1,000.00 requires wired funds. We suggest that you contact your bank several days prior to settlement and wire the funds no later than one day prior to your settlement. Often companies that wire funds will require written authorization, and need more than 24 hours to process and complete the wire transmission.

Return to top

If I am due money back from settlement, how and when can I receive it?

Once the transaction has recorded, our office releases the funds within 24 hours of settlement. If you have a balance due from settlement, you can receive the funds in several different manners. Brooks Title can wire funds into your checking/savings account, make a local deposit (you'll need to provide us wiring instructions or deposit ticket at settlement), you can pick up the check, or we can overnight the check directly to you.

Return to top

Why can't I receive the proceeds from the sale of my property at settlement?

State statue prohibits disbursement of funds from a settlement until the transaction is recorded in county/city Land Records.

Return to top

What should I bring to my closing/settlement?

In addition to any documents or funds required by your lender, you must bring a valid, government issued identification to comply with the Patriot Act.

Return to top

If I am unable to attend my settlement, can I use a Power of Attorney for my closing?

Yes, you can use a Power of Attorney or we can plan for a notary to come to you. If you prefer for a notary to come to you at your choice of time, date and location, please contact our office to make arrangements and confirm pricing.

If using a Power of Attorney is your need:

  • There is a charge for preparing the Power of Attorney.
  • If you have a lender, they must review and approve.
  • If you need a Power of Attorney prepared for settlement, please provide us with your full name, the name of the person signing for you, and their county/city of residence.
  • The fully executed, original Power of Attorney must be notarized and received in our office prior to the date of settlement.
  • The original Power of Attorney and Power of Attorney Affidavit must be recorded with the county land records. Each document has a recordation fee of $21.

Return to top

Can I receive a seller or realtor credit at settlement?

Yes, you can receive credits at settlement. However, different lenders have different requirements regarding credits at settlement. Lenders will typically not allow credits that exceed the amount of the purchaser's/borrower's settlement costs.

Return to top