Frequently Asked Questions – After Closing Questions

When will I receive my Warranty Deed?

After closing, the Warranty Deed is forwarded to the appropriate county that you reside in to be placed of record. Depending on the county that you live in, the turnaround time for receiving the recorded Warranty Deed varies. The turnaround time for counties varies anywhere from 1-3 months. As soon as our office receives the recorded Warranty Deed back from the county, we will have your Owner’s Title Policy prepared and will forward both these items to you at the property address.

When will I receive my Owner’s Title Policy?

Your Owner’s Title Policy will be returned to the home address at the time a copy of your original recorded Warranty Deed is mailed. This assumes you purchased an owner’s title policy at closing.

If I receive a tax bill after closing, what should I do with it?

You need to call your county tax office and verify payment for that year. If paid, keep for your records. If not, forward to your mortgage company for payment if an escrow account is set up. If not paid, you need to pay it. Always check your settlement statement for credit of taxes. This credit means you had less out of pocket at closing. If taxes were to be paid at closing, contact Post Closing for instructions. If you are still unsure as to what to do after following the steps above, please call our Post Closing Department.

I cannot file my homestead exemption because I haven’t received my Warranty Deed?

Our office will attempt to return your recorded Warranty Deed to you in ample amount of time to file your homestead exemption. If you do not receive your Warranty Deed back from our office, please call our Post Closing Department and inquire of the status.

Where, when and how do I file for homestead?

You need to contact your county tax commissioner. Our office does not file your homestead exemption. This is the homeowners responsibility.

Where do I make my first mortgage payment?

You may have received temporary coupons in your folder given to you at closing. You will receive your coupon book from your mortgage company within 30-45 days. If you do not receive a coupon book, please contact your mortgage company.

Was my homeowners insurance premium collected at closing?

Please refer to the HUD-I Settlement Statement on line #903. If there was an amount collected in the Buyers or Sellers column, your insurance was collected and paid at closing. If not collected, this was your responsibility to pay directly to your insurance company.

SHOULD YOU REQUIRE, AT ANY TIME, ADDITIONAL INFORMATION, PLEASE DO NOT HESITATE TO CONTACT OUR POST CLOSING DEPARTMENT AT loanpackages@martinwilsonlaw.com WITH ANY QUESTIONS YOU MAY HAVE.