/What to do after Closing

What to do after Closing

Presidio Title will orchestrate your entire closing process, including collecting funds, recording documents, and disbursing funds according to the parties and any lender involved. It is a complex process that involves receiving and disbursing taxes, surveys, insurance, home warranties, real estate agent commissions, down payments, earnest money, and the seller’s proceeds.
Even after closing, each party still has responsibilities, as outlined below.
 Seller:
Stop any auto drafts for your mortgage payment(s);
Ensure your mortgage company refunds any remaining escrow within 30 days; if applicable;
Cancel your homeowner’s insurance policy and utilities after your transaction has been funded;
Keep your original note and deed of trust, marked paid, in a safe place; and
Forward release of lien(s) to Presidio Title for recording.
 Buyer:
Be sure you receive the county appraisal district’s notice of value before May;
File homestead exemption between January and April (Click here to download Application for Residence Homestead Exemption Form);
File the original warranty deed, which will be mailed to you, in a safe place (decline offers from rogue companies to do this for you for a fee);
Contact Presidio Title for a free copy of your deed, if you misplace it; and
Check the county tax records to make sure your name is shown as the owner of the property by October (if not, call the appraisal district and provide the document number in the top right corner of the warranty deed).
Refinance:
Stop any auto-drafts for your mortgage payment(s);
Expect to receive your escrow refund from your previous mortgage company within 30 days; if applicable
Keep original note and deed of trust, marked paid, in a safe place; and
Forward release of lien(s) to Presidio Title for recording.