ESCROW & CLOSING SERVICES

Kansas Title Insurance Corporation seeks to provide the most comprehensive escrow/closing services in all of Kansas City. The following represents some of the services involved in the complete and proper handling of a residential real estate closing:

1. Maintenance of insured deposit.
2. Compliance with and execution of escrow instructions.
3. Receipt and delivery of funds.
4. Maintenance of funds deposited.
5. Employment of delivery service for distribution and handling of funds and documents.
6. Daily reconciliation of escrow accounts.
7. Preparation of checks and receipts.
8. Preparation of deposit and withdrawal documents.
9. Maintenance of fidelity bonds.
10. Maintenance of errors and omissions insurance
11. Maintenance of cash and security loss insurance.
12. Employment of accountants for verification and auditing of the escrow accounts.
13. Employment of computer personnel for the maintenance and operation of computerized posting systems.
14. Wire transfer and liability for wiring of funds
15. Payment and distribution of funds to or for:

    a. Mortgage holders b. Deed of trust holders c. Property sellers d. Judgment creditors e. Taxing authorities f. Homes associations g. Mechanic’s lienors h. Title insurance companies i. Building inspectors j. Pest control companies

    k. Appraisal companies l. Survey companies m. Attorney n. Recording fees o. Escrow fees p. Closing fees q. Real estate commissions. r. Notary fees s. Lenders loan fees

     

16. Completion of standard pre-approved forms including:

a. Warranty deeds b. Special warranty deeds c. Quit claim deeds d. Corporate deeds e. Mortgages f. Deeds of trust g. Seller’s affidavit h. Deeds of release i. Affidavits of maker j. Affidavits of cestui que trust k. Promissory notes l. Death recitals

m. Indemnity agreement n. Escrow instructions o. Deposit agreements p. Certificates of value q. Loan modification agreements r. Contract addendums s. Contracts for deed t. Affidavits of equitable interest u. Requests for notice of sale v. Assignment agreements w. Transmittal documents x. 1099 Reporting