The property passes to the heirs of an owner who dies, not to the surviving owners. Some common requirement are a municipal lien certificate, a plot plan, and title insurance for the benefit of the lender. These will all be obtained at the buyer's expense. The items provide different aspects of guarantee that the property is a good investment for the lender. The cost of these items is given in detail in the H.U.D. Settlement Statement.
Title insurance is a one time expense that provides certain insurance coverage for title problems.
Most lenders require purchase of a Lender's Title Policy to protect their interest and investment in the property. An Owner's Title Policy is available at an additional premium paid by the Buyer. The attorney will handle the final transfer of title papers, recording of the deed, mortgage and all releases and the transfer of money to pay the sellers, all lien holders, taxes and outstanding charges related to the property. Your attorney should explain the documents and figures. If you don't understand something, ask questions until you do.