Bedgood Title - residential and commercial real estate title and abstract services in Victoria, Goliad County and Calhoun County.
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The Closing Process
See below for a further description of each phase of the closing process or move your cursor over each phase and a pop-up explanation should appear.
Closing Process. All the parties sign the appropriate documents, executing the final transfer of property and placing the appropriate mortgage liens on the property. With the Title Commitment and Loan Approval in hand, the Closer prepares the final documents and schedules the closing. The completed credit package is submitted to the lending underwriter for approval. If approved, closing instructions are provided to the Closer. In order to approve a buyer, the lender must verify income, stability, credit worthiness, sufficient assets to close and the property value (appraisal). The buyer submits an application to the lender and begins providing the necessary credit documents.If the Title Search reveals a clear title, and insurance can be acquired, a Title Commitment is issued.During the Title Search, the Examiner searches the history of the property, owners of record, liens, clouds on the title, documents filed by legal description, as well as liens, lawsuites, divorces and probates of the buyer and seller.The Closer receives copies of the contract and proceeds to order the title work.The closing process begins with a contract.
The closing process begins with a contract.
Title Company
Lender
The Closer receives copies of the contract and proceeds to order the title work. The buyer submits an application to the lender and begins providing the necessary credit documents.
During the Title Search, the Examiner searches the history of the property, owners of record, liens, clouds on the title, documents filed by legal description, as well as liens, lawsuites, divorces and probates of the buyer and seller. In order to approve a buyer, the lender must verify income, stability, credit worthiness, sufficient assets to close and the property value (appraisal).
If the Title Search reveals a clear title, and insurance can be acquired, a "Title Commitment" is issued. The completed credit package is submitted to the lending underwriter for approval. If approved, closing instructions are provided to the Closer.
With the Title Commitment and Loan Approval in hand, the Closer prepares the final documents and schedules the closing.
All the parties sign the appropriate documents, executing the final transfer of property and placing the appropriate mortgage liens on the property.

Bedgood Title Company

Victoria Office
300 E. Airline Road
PO Box 4807
Victoria, TX 77901

(361) 573-1785 Office
(361) 575-7581 Fax

Goliad County
325 South Market
PO Box 12
Goliad, TX 77963

(361) 645-3145 Office
(361) 645-3256 Fax

Calhoun County
420A E. Railroad
PO Box 143
Port Lavaca, TX 77979

(361) 552-6761 Office
(361) 552-7421 Fax

Port O'Connor Office
103 Adams
Port O'Connor, TX 77982

(361) 983-2446 Office

  

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