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Updated over 3 years ago,
When do you get title documents?
Hi! As a buyer, I was just wondering when everyone gets their title documents from the seller. The S&P typically states that title docs should be provided 15-30 days before closing (I buy in OH), but for all the offers I've put up, the title documents only come after home inspection period and a few days before closing, especially for cash closings which can be really fast (e.g. 14 days from offer).
Recently, I paid for home inspection, completed negotiations post-inspection, and only then I received the title docs which showed outstanding bankruptcy on the seller, and the title company was unable to clear the title (bankruptcy court did not approve the sale) so the deal was off. There goes my inspection money.
So... I was wondering, shouldn't we be getting the title docs before committing to home inspection? What does everyone do to mitigate my mistake above?
Also, is the seller always obligated to produce his RPD (Residential Property Disclosure) upfront? For my deals in Columbus OH, there was always a RPD attached to the offer. But for my 1 deal in Cincinnati, the seller and realtors did not produce / push for RPD. Was wondering what the expectation should be...
Thanks in advance!