Essential Information

Essential Information Needed by the Title Company On Each Order


  1. Existing lender: Do you have the seller’s loan number(s) for the mortgage(s) that will be paid off?
  2. Buyer's new lender: Do you have the new lender’s name and phone number?  Please don’t forget the loan officer’s name!

Marital Status
We will need to know the marital status of all parties in the transaction when the order is placed.  If the spouses are not in the area please let us know right away.

  1. Buyer's Spouse(s), if they are getting a loan, will be required to be present at closing and sign to release their dower rights on the mortgage and other lender documents.
  2. Seller's spouse will be required to sign the Deed.

Quick Closing
Look at the closing date. If we have a quick turn around, a copy of the seller’s Owners Policy, existing lien information (name of lender and loan number) is essential to complete the transaction.

Good Funds
“Good Funds” is required under Ohio Code. Good funds are a cashier’s check or wire transfer. Should you need any further information, please ask Wayne County Title Agency, Inc. Escrow Department.
Available to Sign Documents Locally
If any party to the transaction will be out of the area at the time of closing, please let us know as soon as possible, as we will probably need to express documents to them for their signature or a Power of Attorney will need to be used.  See Power of Attorney section below.

Power of Attorney
If a Power of Attorney is required, have you notified the title company and the new lender? Any use of a Power of Attorney will need to be reviewed and approved by any Lender and the Title Company. The original Power of Attorney will need to be deposited with the Title Company before the signing of any documents.

Homeowners Insurance
Has the purchaser provided the title company with his homeowners insurance carrier? Purchaser will need to provide proof of insurance to the lender usually at least 1 week before closing and provide a paid receipt for the full year premium.  If the lender will allow the insurance premium to be included in the final closing, an invoice will need to be presented prior to closing along with the proof of insurance.