Real Estate Closing Services

Machias Title

WHO DO WE SERVE?

Lenders, Brokers or Individual Buyers.


WHAT DO WE DO?

If you want to get a mortgage loan or cash purchase closed, deed property to a relative, or formalize an easement or boundary agreement, we do whatever is needed to make that happen on a schedule that fits your needs.


THE PROCESS AND SERVICES INCLUDED

Depending on the transaction, that might include:

  • Receiving the order by fax or e-mail.
  • Gathering party, address and parcel information.
  • Reviewing the purchase and sale agreement.
  • Searching the title.
  • Obtaining tax information and pay-offs of mortgages, tax liens and other encumbrances.
  • Drafting releases, discharges, easements, and powers of attorney.
  • Ordering a mortgage loan inspection sketch (plot plan) if needed.
  • Drafting the seller’s deed, transfer tax form and residency affidavit.
  • Drafting a mortgage and note for an owner-finance transaction.
  • Preparing a settlement statement for a cash sale, or a closing disclosure for a mortgage loan.
  • Preparing necessary closing documents, such as title insurance affidavits and statutory notices concerning taxes and smoke detectors.
  • Coordinating closing with the parties, brokers, lender and other counsel, if any.
  • Securely receiving funds from buyer and lender.
  • Closing the transaction.
  • Recording documents promptly and in the proper order.
  • Disbursing funds to seller or borrower, brokers, lienholders, registry of deeds, surveyor, other counsel, and the State if there is withholding.
  • Reporting the sale on form 1099, with copy to seller (at closing).
  • Routing original documents to buyer and lender after recording.
  • Issuing the final policy of title insurance.
  • Maintaining retrievable records for lender follow-up and audit.


We know that many of our transaction partners are more familiar with other places. You may lean on us for references, directions, place names, and other local information.

AREAS WE SERVE

Please send us transactions involving properties in the Maine counties of Washington, Hancock, Penobscot, Piscataquis, Waldo and Knox. If you’re unsure of the county, send it anyway.Type your paragraph here.

TITLE REQUEST FORM

33 Broadway Suite 1 . Machias , Maine 04654​ . T: 207.255-0064 . F: 207.255.6640