What is the "norm" for your state?
Purchases are primarily done by a title company employee either in the real estate office, the title company or the mortgage company. New purchases need to fund on the spot and the seller is not going to sign the Warranty Deed without certified funds in hand. (Sometimes this can be a different situation if the seller is the builder). From time to time this deviates, as I have done some purchase closings, but these are usually land contract fulfillments or outstate property.
There are more docs with a sale, more of a business type with the buyers and sellers than a refi or second mortgage. Handshakes, exchanging of the keys and the Real Estate agents waiting for their commission checks. If there is a problem with an unpaid water bills, the ability to change the HUD or lender docs has to happen on the spot. This is more "than just a notary" and the title company will PROBABLY want to use their own stafff as they are representative of the lender (in my area).
|
