What does Nodaway County Abstract & Title Company do?
We issue title insurance and help expedite the real estate transaction process.
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How does Nodaway County Abstract & Title Company conduct their research?
When the contract is received and the order is placed to request preliminary
title work, your order goes to the research plant where the chain of title is
examined. The information compiled in research is typed into a title commitment
which is sent to your closer, real estate agent, lender, attorney, or others as
you instruct.
The title commitment is reviewed again by the closing agent and compared with
the contract and loan closing instructions to assure that all information is
consistent. The closer makes note of any requirements which must be satisfied
prior to closing.
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What is a HUD-1 Settlement Statement?
A HUD-1 is the closing form used in settlements. It includes an itemized list of
all applicable closing costs and specifies the extent to which each party is
responsible for those costs. If you are a buyer and are getting a loan to
purchase residential property, your lender must provide you with a Good Faith
Estimate of your loan costs and information explaining the settlement process.
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