The Closing Process: FAQ!
All American Title Company has been in business since 1999. Over the years, we have built a strong team of knowledgeable title experts who are willing and able to answer all of your title-related questions. Below are some questions that we received during a recent Q & A session, along with the answers!
Q: How long does the closing process typically take?
A: 30 to 60 days
Q: What is the difference between the different types of owner’s policies?
A: There are two types of Owners Policies – Standard and Expanded. The expanded owners policy is only available to “lot/block” properties used for 1 to 4 family residence where the insured is a natural person. The expanded policy certain post policy date title insurance coverages including:
Q: Can anyone choose to do a RON signing?
A: No. You must possess a US credit history substantial enough to correctly answer five knowledge based questions to satisfy RON’s Federal and State requirements for knowledge based authentication (KBA). The signed must also have a computer system and internet connection that has certain connectivity speed requirements, a microphone and camera. The buyer’s lender and buyer’s title company must also approve any RON signing.
Q: Do you all use a network of selected notaries for signings done at client homes?
A: Yes – Any notary we set up for clients are approved through our underwriter or All American Title’s internal approval process.
Still have questions? You can always give us a call, and we’ll be happy to chat with you!
Give us a call at 763-235-1800!