ATLAS Settlement, LLC offers the highest quality professional services with regard to all facets of your Real Estate transaction, from drafting instruments of conveyance and issuing the Title Insurance policies, to full document prep
ATLAS provides experienced, professional and friendly staff with the goal of maintaining an extremely high level of customer satisfaction: Preliminary title results for refinances normally available within 48 hours. Other title results available within 5-7 days, with "rush" searches ready in 3-5 days. Advanced software, which expedites the closing process and enhances the accuracy of document preparation. Knowledgeable, courteous staff on hand and ready to respond to buyer, seller, lender and broker inquiries and requests. Closing & Settlement Services: In addition, an experienced pre-settlement coordinator, working with your lender, compiles all of the required information and prepares the necessary documents to facilitate a seamless closing. One of ATLAS's closing agents will arrange your closing and thereafter provide any other services requested, including recording your deed or mortgage. All closing are conducted by Pennsylvania Licensed Real Estate Attorneys.
Thinking about buying a house in the Greater Pittsburgh area? Did you know that in Pennsylvania the buyer has the right to choose their title company?
Let our title company help you with the process. Contact us today to start the process.
post-gazette.com Our city was lauded for key factors such as affordable housing, arts, education and lifestyle amenities.
Millennials: are you thinking about buying a home in 2019? Let us walk you through the closing process. Home buyers in PA have the right and ability to choose their own title company!
mcall.com Many Millennials are still delaying home buying, according to a recent survey. Homeownership rates and mortgage purchases point to a change in this trend.
Buying a new home or investment property in PA? Don't forget that you, as the buyer, have the ability to choose your title company, and you CAN choose to use a title company other than that suggested by the bank or your real estate agent.
cnbc.com Home values in November were 5.1 percent higher compared with November 2017, according to a report released Wednesday by CoreLogic. But that is down from the 5.4 percent annual gain seen in October.
Sommer Law Group, P.C.
From everyone at Sommer Law Group, have a safe and happy 4th of July!
Sommer Law Group, P.C.
Sommer Law Group, P.C.
From all of us at Sommer Law Group, we wish you a safe and happy holiday! 🎄⚖️🎅🏻⭐️
Sommer Law Group, P.C.
Today, we are in Market Square as a proud sponsor of the Steel City Media Concert Series with our friends at Atlas Settlement, Market Real Estate, Inc. and Three Rivers Property Management. If you're downtown, stop by our table and say hi--we'll be here until 1:30!
ALL YOUR REAL ESTATE NEEDS
myemail.constantcontact.com ALL YOUR REAL ESTATE NEEDS
What Should Buyers And Sellers Expect At A Real Estate Closing?
The closing is the scheduled meeting where home ownership is officially transferred from the seller to the buyer.
- Who will be there?
A closing agent, usually representing a Title Abstract Company or a Real Estate attorney can conduct the closing. The closing agent is responsible for the signing of all of the necessary documents to transfer ownership and once the HUD1 is signed and approved, the disbursement of funds.
The other attendees typically include the Buyer & Seller, Realtors, a Lender Representative, an Attorney if chosen or required, and the Closing Agent.
- What steps are taken at a closing?
1. The first step is typically a review of the settlement sheet, also known informally as the HUD-1, with the buyer and seller. Both the buyer and seller sign each page of the settlement sheet.
2. The next step is a review of the mortgage related documents by the lender representative or closing agent. This documentation takes the most time and needs to be reviewed, initialed and signed by the buyers.
3. If there are any other loan documents involved in the deal, then the buyer is asked to review and sign such documents, such as the mortgage note and Truth-in-Lending statement.
4. The buyer and seller may be asked to sign a number of Affidavits, which are explained below.
5. After that, if everyone agrees that the papers are in order, the buyer and occasionally the seller, submits a certified or cashier’s check to cover the closing costs and the balance of funds due (if applicable). Then the check from the lender covering the mortgage amount is submitted to the closing agent.
6. Next, if the lender will be paying the new owner’s annual property taxes and homeowner’s insurance, a new escrow account (or reserve) is established at this point.
7. The closing agent will not disburse the funds to everyone who is owed money from the sale (including the seller, real estate brokers, and the lender) until the all "money due" is received whether it be check or by wire. After the meeting, the closing agent officially records the mortgage and deed at your local government clerk’s office or registry of deeds.
- What are the documents to be signed?
1. HUD-1 Settlement Sheet (Buyer and Seller)
- The settlement sheet itemizes the services provided and lists the charges to the buyer and the seller. It is prepared and filled out by the closing agent and must be signed by both the buyer and the seller, or someone who may be representing them. The buyer and seller should have had the opportunity to review this form before your closing meeting to be able to know the closing costs in advance.
2. Truth-in-Lending (TIL) Statement (if Buyer is borrowing)
- Within three business days of applying for a loan to purchase a home, the buyer’s lender should have given the buyer this document, which outlines the costs of the new loan. It is provided to compare the loan costs with percentage rate (APR). The APR is the cost of your mortgage as an annual percentage rate. This rate may be higher than the interest rate stated in the mortgage because the APR includes any points, and certain other costs of credit. The TIL statement also discloses the other terms of the loan, including the finance charge, the amount financed, the payment amount, and the total payments required.
- It is possible that the APR calculated at the loan application will change at closing. That is why the lender is required to provide the final version of the TIL statement at or prior to the closing meeting.
3. The Note (if Buyer is borrowing)
- The mortgage (or promissory) note is a legal “IOU.” The note represents the borrower’s promise to pay the lender according to the agreed terms of the loan, including the dates the mortgage payments must be made and the location to which they must be sent.
- The note also details the penalties that will be assessed for failure to make the monthly mortgage payments. It also warns that the lender can “call” the loan (require full repayment before the end of the loan term) if the terms of the note or mortgage are violated.
4. The Mortgage (if Buyer is borrowing)
- The mortgage is the legal document that secures the note and gives the lender a legal claim against the house if the borrower defaults on the note’s terms. In effect, the buyer has possession of the property, but the lender has an ownership interest (called an “encumbrance”) until the loan has been fully repaid.
- The mortgage restates the basic information found in the note. It also states your responsibilities to pay principal and interest, taxes, and insurance on time; to maintain hazard insurance on the property; and to adequately maintain the property and not allow it to deteriorate. Failure to meet these requirements means the lender can demand full payment of the loan balance or foreclose on the property, sell it, and use the proceeds to pay off the outstanding loan and the foreclosure costs.
5. Affidavits (Buyer and Seller)
- You may be asked to sign numerous affidavits. For example, they buyer may be required to sign an Affidavit of Occupancy, which states they will use the property as a principal residence. The buyer and the seller may need to sign an Affidavit of No Construction .that states all of the improvements to the property that were required in the sales contract were completed before closing.
6. The Deed (Seller)
- Only the seller signs the deed at closing. It is the document that transfers ownership from the seller to the buyer. The buyer’s name and the names of any other buyers appear on the deed. The buyer receives a copy of the deed at the closing. I would also recommend that the seller and their agent receive a copy of the “marked up” title as well. The closing agent then records the deed with the buyer listed as the new property owner. The deed will be sent to the buyer after it is recorded.
ATLAS Settlement, LLC offers the highest quality professional services with regard to all facets of your Real Estate transaction; from drafting instruments of conveyance and issuing the Title Insurance policies to full document preparation and representation from contract to closing.
Sommer Law Group, PC’s experienced Real Estate attorneys prepare all legal documents, oversee the entire process start to finish, and attend the closings at your place or ours.
Atlas Settlement, LLC
6 Market Square
Pittsburgh, PA 15222
Sommer Law Group, PC
6 Market Square
Pittsburgh, PA 15222
To Property-Owners and/or Potential Property-Owners:
Do you believe that your property’s assessed value is too high and that you are paying too much in property taxes? If so, appealing your property tax assessment is one of the easiest options you have to save big money. Most home values have fallen, sometimes drastically, but property tax assessments imposed by the government haven’t caught up with reality.
Three Easy Steps:
1.) Review your current property assessment by visiting the Allegheny County 2013 Court Ordered website at: http://www2.county.allegheny.pa.us/realestate/Search.aspx
2.) Obtain a copy of your property record at the Allegheny County Office Building on the Third Floor.
3.) Review both the county website and the property record card for inaccuracies and mistakes.
*If you believe the county assessment is higher than the true market value for 2013, an informal and formal appeal should both be filed with the Allegheny County Office of Property Assessment.
From the formal appeal at the Board of Property Assessment Appeals and Review to the Board of Viewers, an experienced real estate lawyer will maximize your chances for reducing your assessment and your property tax burden saving you hundreds or thousands of dollars.
The cost of an assessment appeal lawyer more than pays for itself if you are able to reduce your assessed value by a significant percentage, and the tax savings add up year after year. The county, municipality, and school district are all allowed to send their attorneys to oppose your appeal. Their job is to keep your assessment high or even raise it more. You should make sure you have a professional on your side to even the playing field.
Contact Sommer Law Group, P.C. to set up a free initial consultation with an experienced attorney and expert appraiser to determine if it is worth it to appeal your property assessment in Allegheny County. If your property is truly over-assessed, Sommer Law Group, P.C. will fight hard to provide a combination of legal and property appraisal services on a contingency, flat fee, or hourly basis as needed.
Sommer Law Group, P.C.
6 Market Square
Pittsburgh, PA 15222
avvo.com 1#10 - Property owner ignores the appeal notice.Many property owners still ignore appeal notices and hearing dates on assessment appeals filed by the school districts and other taxing entities. For 2010 and 2011, we are still under a 2002 base year system, and your recent purchase price is not indic…
What is Title Insurance and Why Do You Need It?
The best proof of title ownership isn’t the actual deed to a piece of property, but a solid title insurance policy issued through a reputable title insurance company.
Title means the ownership of the land. Specifically, it refers to the owner’s bundle of legal rights to the land (the rights of possession, control, enjoyment, etc.). Title also means the evidence of that ownership, but it is not an actual physical printed document as many people believe. The written document by which an owner of real estate conveys the owner’s title in a parcel of real estate to another owner is called a “deed”.
Title insurance will protect you from losses that arise from defects in the title.
A defect in the title can be:
- another person claiming an ownership interest,
- improperly recorded documents,
- forgery liens,
- easements, and
- other items that are specified in the insurance policy.
A title insurance company will review the public records and determine whether the title is insurable. If so, a policy is issued. Unlike regular insurance policies, title insurance protects you from events that may have occurred in the past. The title insurance company will defend any lawsuit based on an insurable defect.
Atlas Settlement offers title search, examination and title insurance to residential and commercial customers in Western Pennsylvania. Who needs title insurance? Purchasers and lenders need title insurance in order to be insured against various possible defects. The buyer, seller, and lender all benefit from the issuance of title insurance.
Tired of the complexities or snail-like pace that occurs between the time a buyer becomes interested in a property and the closing? Wouldn’t it be nice to be able to rely on a small, specialized group of attorneys and real estate professionals to provide you with the organization needed to smooth and expedite the process?
We are ATLAS Settlement, LLC we pride ourselves on offering the highest quality professional services with regard to all facets of your real estate transactions. Visit our website Atlassettlement.com for more information!
Interested in adding your spouse to the deed for your home? Atlas Settlement can perform the transfer quick and easy without transfer tax! Visit atlassettlement.com for more infromation
atlassettlement.com ATLAS Settlement, LLC offers the highest quality professional services with regard to all facets of your Real Estate transaction, from drafting instruments of conveyance and issuing the Title Insurance policies of Stewart Title, to full document preparation and representation from contract to closi...
[03/25/13] ATLAS Settlement, LLC offers the highest quality professional services with regard to all facets of your Real Estate transaction, from drafting instruments of conveyance and issuing the Title Insurance policies of Stewart Title, to full document preparation and representation from contract to closing.
[11/08/10] ATLAS Settlement, LLC offers the highest quality professional services with regard to all facets of your Real Estate transaction, from drafting instruments of conveyance and issuing the Title Insurance policies of Stewart Title, to full document preparation and representation from contract to closing.
[06/25/09] ATLAS provides experienced, professional staff with the goal of maintaining an extremely high level of customer satisfaction: Preliminary title results for refinances normally available within 48 hours. Other title results available within 5-7 days, with
[06/19/09] ATLAS Settlement, LLC offers the highest quality professional services with regard to all facets of your Real Estate transaction, from drafting instruments of conveyance and issuing the Title Insurance policies of Stewart Title, to full document preparati
Family owned and operated since 1975, Pennsylvania Land Titles has the experience and quality of service required to meet any of your residential and commercial settlement needs.
Barristers Title & Escrow is a national leader in title insurance and our team is well versed in the home buying and selling process.
LandQuest Settlements, LLC is a provider of settlement and title insurance services located in the Fox Chapel Area of Pittsburgh, Pennsylvania.
At Service 1st, we believe the only way to be the best at providing national appraisal and title search services is to prove it one client at a time!
Located on Pittsburgh's South Side, 2516 Jane Street provides interaction with nearby life-science, research, biotech and other companies.
Experience a hassle free closing with Federated Appraisal & Closing Services!
More about The Pam D'Alessandro Group Who We Are As an experienced, full-time agent over 31 years, it’s been my pleasure to have served Pittsburgher’s real estate needs, and to have cultivated so many loyal client relationships along the way. I’ve s
Land Title Closings and Insurance
Western Pennsylvania's leading developer of Residential Communities. Laurel Communities is committed to developing luxury neighborhoods in Pittsburgh's premier locations. Attention to detail and innovative design are hallmarks of every Laurel Community.