Benchmark Title Company, LLC


The Closing: How We Get There

John Howe

The Closing: How We Get There

 Step 1.  It starts when the seller accepts a contract you have put in on their home. You might put down a deposit to prove you are serious about the offer. At that point, it is time to order the title from Benchmark Title.  They will get the ball rolling from there.

Step 2.  The buyer should have had a visit with a lender prior to this and have been pre-approved for a loan sufficient to purchase the home. This is a function that helps the buyer as well as the seller and Realtor so that no one spends time reviewing homes that the buyer can not afford to purchase. 

Step 2. (a)  At this time the Title company also begins the process of bringing the transaction together and to a satisfactory closing. The title must be reviewed, payoffs of prior mortgages ordered, as well as any other title issues such as possible liens or judgments against the seller. In the event of a divorce in the seller's past, the divorce decree must be reviewed to be sure the proceeds are disbursed according to that decree, as well as any other potential title problems that need to be addressed and cleared for transfer of ownership.

Step 3.  At this time the Realtor should remind the seller that it time to order a home inspection, if required by the contract terms, as well as a termite inspection. Both of these items are pretty customary issues in todays real estate market.

Step 4.   At this time the closing department begins to put all the numbers together and prepare the HUD settlement statement. This document shows all the costs that will be paid at the closing, and who has the responsibility  for those costs. 

Step 5.   “THE CLOSING”  You will need two forms of identification, one of them must be a photo ID, as well as if you are the buyer you will be informed of the amount you must bring to the closing. These funds must either be wire transferred, or in the form of a cashiers check or certified funds. Personal checks or cash are not often acceptable at the title company. After the closing process is complete you will be handed the keys.

Any questions can be directed to Benchmark Title at 618-239-3750. Please feel free to call or email:  

John Howe

Doreen Miller, Esq.
Vice President and General Counsel

Michelle Null
VP Escrow Operations

Bethany Bond
Marketing Director

Serving you from three convenient locations:

Main Office:
1124 Hartman Lane
Shiloh, IL 62221
Ph: 618-239-3750
Escrow Fax: 618-239-3707
Title Fax: 618-239-3757
Fax Orders: 618-310-1589
President: John Howe

318 North Main St.
Columbia, IL 62236
Ph: 618-281-9700
Fax: 618-281-9705
Manager: Randi Schur

4215 S. State Rte 159
Glen Carbon, IL 62034
Ph: 618-288-1695
Fax: 618-288-1852
Manager: Sara Sowell

Dates to Remember

January 17, 2008 - Benchmark Title Commercial Reception.  Details to come.

January 18, 2008 - HBA Annual Installation Banquet
At Four Points Sheraton Conference Center, Fairview Heights, IL

Did you say free?

Be the first in your office to try out, Benchmark Title's new FREE online transaction management system. Why waste time making status phone calls or standing by the fax waiting for your title commitment when you can get what you need instantly from your own computer. Visit for more information or call April Tolan, our SureClose Specialist, at 618-239-3750 for your sign-on so you can start saving yourself time and money today. We'll even give you and your clients a free CD at closing containing copies of their closing documents.

Give me my policy!

Did you know that lenders and home buyers now receive their title policies at the closing table? Contact Michelle Null, VP Escrow Operations, to learn more about this exciting new program.

Ready to refi?

Lenders and homeowners will want to hear about our fantastically low new refinance rates. Contact us today for a quote!

Why wait?

You can place your next title order now by clicking here.

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