4 Pineapple Title Terms to Know Before Closing on Your Home.

At Pineapple Title, we are committed to doing everything possible to ensure a smooth but thorough title search process.

Below are some terms that you might hear during the closing process.

CLOSING DISCLOSURE – The five-page Closing Disclosure must be provided to the consumer three business days before they close on the loan. The Closing Disclosure details all of the costs associated with their mortgage transaction. 

CLOSING STATEMENT – A summation, in the form of a balance sheet, made at a closing, showing the amounts of debits and credits to which each party to a real estate transaction is entitled. 

CONDITIONS – This refers to provisions in deeds and other real estate instruments that make a particular right contingent upon the occurrence of some future event. 

CONSUMMATION – Consummation is not the same thing as closing or settlement. Consummation occurs when the consumer becomes contractually obligated to the creditor on the loan, not, for example, when the consumer becomes contractually obligated to a seller on a real estate transaction. 

Remember, Pineapple Title:

  • Is locally owned and managed
  • Has attorneys on staff to assist with title related issues at no extra cost
  • Has very competitive fees for title work
  • Is one point of contact from start to finish
  • Is convenient locations and options for your closing

 

Diana Kurtz
813-748-2165
As a Licensed Real Estate Broker, Seniors Real Estate Specialist (SRES) and Graduate of the REALTOR Institute (GRI), Diana commits to helping agents every step of the way. She knows that continuous learning and development are important components to an agent’s success. With her emphasis on education, development and compliance, she will plan, organize and direct a wide range of training activities as well as one-on-one mentoring to provide the greatest chance of success. She’s fluent in Spanish and passionate about education, networking and volunteering, and serves on numerous committees. Being active in both the local and state Real Estate Boards enables her to provide agents with best practices from the industry as well as the best training currently available.

Leave a Reply

Your email address will not be published. Required fields are marked *