Title Insurance & Settlement Services

PARK PLACE SETTLEMENTS

In today's competitive market, having the right title company can make all the difference for your practice. And Park Place Title Agency counts the most prominent law firms in New Jersey as clients because our service is second to none.

If you want to develop a reputation for excellence in your real estate practice then you need to demand excellence from your title company. For those attorneys who require settlement services, our settlement department is truly the most thorough closing support team in the industry. Utilizing in house paralegals and legal counsel, we can efficiently and expertly handle your real estate transaction from start to finish,whether it be a refinance, purchase or sale. Whatever your real estate closing requirements may be, you can count on Park Place Settlements to be there for you. That's the Park Place Advantage!

Below you will find an estimate of the basic fees for a real estate transaction:

CLOSING FEES:
Settlement and Closing Fee:
$425.00-$525.00 (fee will vary based on location and time of closing)

Notary / Attendance Fee:
$25.00 (for closings involving travel out of the office)

County Recording Fees:
$100.00 - $600.00 (fee will vary depending on the number and type of documents to be recorded)

Overnights, postage, etc.:
$25.00 - 150.00 (fee will vary depending on several factors including number of payoffs, lender, county, etc.)

We look forward to working with you!

PARK PLACE TITLE HAS CLOSING SERVICES AVAILABLE WHICH ARE INTENDED TO SIMPLIFY AND IMPROVE YOUR LAW PRACTICE.

Whether it be a refinance, purchase, or sale, our team of attorneys and paralegals will efficiently handle your real estate transaction from start to finish. We urge you to contact us to inquire about Park Place Title’s title and settlement services for your next transaction.

Settlements

We have a settlement department comprised of full-time real estate attorneys and paralegals. As a result, you can focus on the needs of your client, minimize your own expenses and leave the closing preparation to us. Many attorneys are enjoying these great benefits, by allowing us to handle part of your real estate related workload. We will coordinate the closing, handle the finances and address post closing settlement matters such as trust account balancing.

As the Buyer’s attorney, you will maintain control of the file and contact your clients. In addition to the traditional services associated with loan and closing settlements, Park Place’s closing services include: Satisfaction of Title Requirements; review of the title binder and obtain the payoff statements of the seller’s mortgage(s); work with the seller’s attorney to omit other Schedule B, Section I requirements; prepare and file the Notices of Settlement; and order the rundown.

CLOSING PREPARATIONS

Prior to the closing, Park Place will act as the “settlement agent” and issue the Closing Protection Letter to Park Place, receive and review the lender’s closing package; prepare the closing package for closing. Park Place Title will prepare the Closing Disclosures, obtain Bank approval, provide copies of the Closing Disclosures to the closing attorneys in advance of the closing for review and client approval. Park Place will also accept the loan proceeds into its escrow account and confirm its receipt.

CLOSING APPEARANCE

The closing will take place at a mutually agreed upon location, which is typically at the Buyer’s attorney’s office. Experienced real estate attorneys or paralegals will appear at the closing as Park Place Title’s agents and go through the documentation with the Buyers, answering an questions. Park Place Title escrow checks or wire will be issued at closing to those in attendance, including the buyer’s attorney, seller’s attorney, filing fees realtors commissions, and seller’s net proceeds. As the Buyer’s attorney, you can either sit in on the closing or attend to other tasks.

AFTER CLOSING

Park Place Title will also be responsible for post-closing matters such as making all post-closing disbursements, working to obtain mortgage discharges and the issuance of title policies. After the closing, a copy of the entire closing package will be made available to the attorney and the buyers. When policies are issued, the closing attorney and his/her client will receive copies together with copies of Park Place’s transmittal letters to the Bank and the client.

PARK PLACE TITLE IS THE MOST THOROUGH CLOSING SUPPORT TEAM IN THE INDUSTRY! In today’s competitive market, having the right title company can make all the difference for your practice. And Park Place Title Agency counts the most prominent law firms in New Jersey as clients because our service is second to none. If you want to develop a reputation for excellence in your real estate practice then you need to demand excellence from your title company.