8 - Title Company issues a commitment for Title Insurance and orders the survey. 9 - Title Company compiles the Settlement Statement which reflects the closing costs of both Buyer and Seller. 10 - The closing takes place the Title Company or at a Real Estate Attornye's offices All documents are signed. Money is collected and disbursed. Title is formally transferred and documents are recorded at the County Clerk.
Closing is a major process in a real estate transaction.
It can be complex and sometimes difficult, but the process is designed to protect both buyers and sellers and produce the results both are looking for.