Normally, you'd take the contract, along with the deposit, to the title company, and provide contact info for all parties (buyer, seller, lender, etc) so they can complete the title work, collect the money, pay off any existing liens and mortgages, prepare a settlement statement, and issue title (and title insurance) to the buyer.Completely separate from all of this is the Assignment of Contract.

The first company just charged title insurance $472 and title settlement fee $125.

Update, 3 months in- I have 1.2 million in settlements scheduled for December, and I also work part time with a wholesaler moving off market deals to investors making about 3-4k additional per month!

I am guessing to handle the settlement but you should pick the title company.

but then again title and escrow would have to send out docs 2 weeks in advance like the old days.. its only been in the last 2 decades or so.. that title and escrow docs now get to you right before close/ settlement..  

I can post a picture of the settlement statement if that's helpful.Thanks,Scott

You can reach out to Real Estate Settlements & Escrow.

After settlement and repairs, I will have spent $127k.

In a couple of cases I noticed a notice of settlement filed and knew something was fraudulent going on. notice of settlements are filed here when someone orders title work.

If the seller fraudulently under-reported them and you've closed, then atty time.Did the prelim settlements from title reflect this?