What should I expect? Closing on vacant land at title company

[Kevin Parekh]

Hey to all, I am selling a piece of land today at a Title Company. I need someone to tell me what is "going" to happen in an effort not to look stupid or get swindled. Any assistance would be greatly appreciated!

[Peter Walther]

I doubt you'll see a title policy at closing since generally it's not prepared until after the deed and mortgage, if any, are recorded.  You probably won't see the Owner's policy when it's prepared since it doesn't involve you.  If you're taking back a mortgage to finance the sale and paid for a lender's policy you'll receive that after recording.  If you don't receive it and the original Note and mortgage in a reasonable period of time after closing follow up with the settlement agent.

You'll probably be asked to sign a Seller's Affidavit in which you will swear under penalty of purgery to certain facts.  For example that the property is vacant and not your homestead and that you have not contracted with any other person for the sale of the property or for improvements to be made that have not been paid for.

Closing as Seller is a relatively painless process and if you're working with an experienced closer (s)he will guide you through the process.  Assuming you went through a closing when you bought the property it should be very similar.  In fact, many sellers use the same closer to handle the sale of the property so you may already know them.

Good luck.