These are the checklists related to Contract Deadline: Record Title Objection Deadline.
This deadline is typically a deadline for the Buyer to object to anything on record related to title if they intend to object. Objecting to title issues is uncommon, but when it does happen it is usually for really good reason.
https://RealEstateFinancialPlanner.com/record-title-objection-deadline/
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- Complete "Record Title Objection Deadline" checklist
Complete the "Record Title Objection Deadline" checklist:
https://RealEstateFinancialPlanner.com/record-title-objection-deadline/
We typically use about "MEC + 14 Days" to give you time to review your title work, get the advice of your Title Attorney if needed and have time to object.
Contract Deadline: Record Title Objection DeadlineContract To Close: TitleUltimate Nomad ChecklistWeek 13
- Confirm how you want to take title to the property
In some cases we will write the "Contract to Buy and Sell Real Estate" saying that Buyer will determine how they will take title to the property prior to Closing.
If we wrote that in your "Contract to Buy and Sell Real Estate" this would be the time to notify your Real Estate Broker and Title Insurance Company how you plan to take title to the property.
Your Real Estate Broker may need to create an "Amend/Extend" to modify the "Contract to Buy and Sell Real Estate" to make this change.
If you selected how you plan to take title before writing the offer and it is correctly reflected in the "Contract to Buy and Sell Real Estate", you do not need to do anything with this task.
Contract Deadline: Record Title Objection DeadlineUltimate Nomad ChecklistWeek 9
- REAL ESTATE BROKER: Checking Title Work against standard checklist
Once you and your Real Estate Broker receive a copy of the Title Work, your Real Estate Broker should check the Title Commitment against a standard checklist to check for obvious errors and mistakes.
IMPORTANT NOTE: Your Real Estate Broker is not a Title Attorney nor are they trained to interpret Title Work. You should not rely on them to review your Title Work for you. If you have questions about the Title Work, the first questions should be directed to the people providing it to you: the Title Insurance Company. They will be
selling/providing you with a Title Insurance Policy and if you have questions about what that covers and does not cover, asking them first is a great idea.If you still have questions after talking to your Title Insurance Company, the next person to speak with is your own Title Attorney who has received training and specializes in the unique legal aspects of Title Work.
Contract Deadline: Record Title Objection DeadlineUltimate Nomad ChecklistWeek 9
- REAL ESTATE BROKER: Advising you to talk to your Title Attorney if you have questions about the Title Work
IMPORTANT NOTE: Your Real Estate Broker is not a Title Attorney nor are they trained to interpret Title Work. You should not rely on them to review your Title Work for you. If you have questions about the Title Work, the first questions should be directed to the people providing it to you: the Title Insurance Company. They will be selling/providing you with a Title Insurance Policy and if you have questions about what that covers and does not cover, asking them first is a great idea.
If you still have questions after talking to your Title Insurance Company, the next person to speak with is your own Title Attorney who has received training and specializes in the unique legal aspects of Title Work.
Contract Deadline: Record Title Objection DeadlineUltimate Nomad ChecklistWeek 9
- Review Title Work
You should receive a copy of the Title Work from the Title Company shortly after going under contract with the help of the Real Estate Brokers involved in the transaction.
Review Title Work and highlight any sections you have questions about. Write down your questions.
IMPORTANT NOTE: Real Estate Brokers do not receive training on how to interpret Title Work so while they may be able to answer very basic questions, they are not competent to answer questions about the Title Work itself. For that, you will rely on getting info from the Title Company that is providing the Title Insurance and/or by hiring your own Title Attorney who is educated on Title Work.
You may want to meet with your Title Attorney and/or Title Company to ask questions about it.
If there is something in the Title Work that is unacceptable to you, let your Real Estate Broker know as soon as possible and definitely before the Record Title Objection Deadline.
Mark this task done once you've reviewed your Title Work.
Contract Deadline: Record Title Objection DeadlinePaperworkUltimate Nomad ChecklistWeek 61Week 9
- Ask Title Insurance Company questions about Title Work
If you have questions about your Title Work, you should first contact the Title Insurance Company that will be providing you (selling you) a Title Insurance Policy.
If after talking to your Title Insurance Company, you still have questions, please talk to your Title Attorney.
Mark this task done once you've reviewed your Title Work.
Contract Deadline: Record Title Objection DeadlinePaperworkUltimate Nomad ChecklistWeek 61Week 9
- Determine your Title Attorney
If you have questions about your Title Work, you may want to meet with a Title Attorney to have your questions answered in addition to asking the Title Company.
You can ask your Real Estate Broker for a recommendation.
Mark this task complete once you've decided on a Title Attorney to use.
Contract Deadline: Record Title Objection DeadlineDream TeamDream Team - Pre-ClosingOptionalUltimate Nomad ChecklistWeek 9
- Ask Title Attorney questions about Title Work
If you have questions about your Title Work, you should first contact the Title Insurance Company that will be providing you (selling you) a Title Insurance Policy.
If after talking to your Title Insurance Company, you still have questions, please talk to your Title Attorney.
Mark this task done once you've reviewed your Title Work.
Contract Deadline: Record Title Objection DeadlinePaperworkUltimate Nomad ChecklistWeek 61Week 9
- IF TITLE IS UNACCEPTABLE: Object to Title
If there is something in the Title Work that is unacceptable to you, let your Real Estate Broker know as soon as possible and definitely before the Record Title Objection Deadline so we can file a formal objection to title and protect your Earnest Money.
Mark this task done once you've objected or if you don't plan to object to Title Work.
Contract Deadline: Record Title Objection DeadlinePaperworkUltimate Nomad ChecklistWeek 9
- IF YOU OBJECT TO TITLE: REAL ESTATE BROKER: Preparing "Title-Related Objection Notice"
If there is something in the Title Work that is unacceptable to you, let your Real Estate Broker know as soon as possible and definitely before the Record Title Objection Deadline so we can file a formal objection to title and protect your Earnest Money.
Your choices are either to object and see what they offer as a possible resolution or if you are 100% certain that nothing would resolve it, you can terminate.
If you'd like to object, your Real Estate Broker would prepare a "Title-Related Objection Notice".
If you'd like to terminate, your Real Estate Broker would prepare a "Notice to Terminate" and "Earnest Money Release".
Mark this task done once you've objected or if you don't plan to object to Title Work.
Contract Deadline: Record Title Objection DeadlinePaperworkUltimate Nomad ChecklistWeek 9
- IF YOU OBJECT TO TITLE: Sign "Title-Related Objection Notice" via DocuSign
If there is something in the Title Work that is unacceptable to you and you are objecting your Real Estate Broker will prepare a "Title-Related Objection Notice" and send it over for you to sign via DocuSign.
Sign it via DocuSign prior to your Record Title Objection Deadline to protect your Earnest Money.
Mark this task done when complete.
Contract Deadline: Record Title Objection DeadlinePaperworkUltimate Nomad ChecklistWeek 9
- IF YOU ARE TERMINATING BASED ON TITLE: REAL ESTATE BROKER: Preparing "Notice to Terminate" and "Earnest Money Release"
If there is something in the Title Work that is unacceptable to you, let your Real Estate Broker know as soon as possible and definitely before the Record Title Objection Deadline so we can file a formal objection to title and protect your Earnest Money.
Your choices are either to object and see what they offer as a possible resolution or if you are 100% certain that nothing would resolve it, you can terminate.
If you'd like to object, your Real Estate Broker would prepare a "Title-Related Objection Notice".
If you'd like to terminate, your Real Estate Broker would prepare a "Notice to Terminate" and "Earnest Money Release".
Mark this task done once you've objected or if you don't plan to object to Title Work.
Contract Deadline: Record Title Objection DeadlinePaperworkUltimate Nomad ChecklistWeek 9
- IF YOU ARE TERMINATING BASED ON TITLE: Sign "Notice to Terminate" and "Earnest Money Release" via DocuSign
If there is something in the Title Work that is unacceptable to you and you are terminating your Real Estate Broker will prepare a "Notice to Terminate" and "Earnest Money Release" and send it over for you to sign via DocuSign.
Sign it via DocuSign prior to your Record Title Objection Deadline to protect your Earnest Money.
Mark this task done when complete.
Contract Deadline: Record Title Objection DeadlinePaperworkUltimate Nomad ChecklistWeek 9
