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  Avoiding Delays

Seller

Loan Payoffs
Provide Security Title Service with your current loan information so that they may order your payoff in time for closing. Necessary information includes the lender's name, address, and/or telephone number, loan number and date of last payment.

Delinquent Taxes
Security Title Service prefers to collect delinquent property taxes at closing.  If you pay them prior closing, you must be able to furnish an original tax receipt prior to closing, otherwise these monies will be withheld from your sales proceeds until payment of these taxes can be confirmed.

Escrow Refunds
Any escrow/impound reserves held by your lender will not be netted from your payoff at closing.  Your lender will refund these monies after your payoff has cleared and an analysis of your escrow/impound account has been completed.

Power of Attorney
If either party intends to use a Power of Attorney at closing; i.e., will not be there to sign:

(A)  Security Title Service must approve the Power of Attorney prior to closing;
(B)  The original Power of Attorney, if not recorded prior to subject transaction, must be delivered to the title company prior to closing, as the original must be recorded with the County Clerk ahead of all other closing documents;
(C)  Security Title Service must be able to contact you via telephone on the day of closing to be certain you are alive and well and have not revoked the Power of Attorney.

Out Of Town Mail Outs
If any documents must be mailed out for signatures:

(A)  All documents must be signed exactly as requested;
(B)  All documents must have proper notarization;
(C)  Any documents mailed out of the country must be notarized in English.

Marital Status
(A)  If you purchased your property when you were single and you have married, Security Title Service will require that your spouse join in the signing of the deed at closing.  (This is due to the homestead laws in Oklahoma.  Briefly, these laws primarily provide for the security of a family's home, shelter, and earning of a livelihood free from the claims of all creditors, save and except the holders of purchase money liens, liens for improvements and taxes);
(B)  If you are divorced and your divorce proceeding was handled in a county other than where the subject property is located, please deliver a certified copy of Divorce Decree to Security Title Service prior to closing.

Things To Bring To Closing
(A)  Bring picture identification with you to closing (your driver's license will be acceptable);
(B)  You must have your social security numbers available for closing as your sale must be reported to the Internal Revenue Service.

 

Buyer

Inspection/Repair Bills
Any bills to be paid at closing must be provided to Security Title Service prior to closing.  A charge that is paid direct can be set forth on the HUD-1 Settlement Statement if Security Title Service is advised before closing that you want it shown as a POC (Paid Outside Closing).

Loan Documents
If you want to examine your loan documents, please request that the mortgage company provide the documents to Security Title Service at least one day early so that you may have a copy for review.

Power of Attorney
If you will not be present at closing and intend to use a Power of Attorney, the following must occur:

(A)  Security Title Service must approve the Power of Attorney prior to closing;
(B)  Your lender must approve it prior to closing;
(C)  The original Power of Attorney must be delivered at closing for recording with County Clerk;

(D) Security Title Service must make contact with you, via telephone, on the day of closing to be certain you are alive and well and have not revoked the Power of Attorney.

Things To Bring To Closing
(A)  Bring picture identification with you to closing (your driver's license will be acceptable);
(B)  A Cashier's Check must be made payable and delivered to Security Title Service at closing for the net proceeds due (Line 303 on the HUD-1 Settlement Statement).