Onward Title LLC

815-277-1500

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  • More
    • Home
    • Onward Attorneys
    • Order Title
    • Schedule a Closing
    • Resources
      • Useful Links
      • Title Process
      • 10 Common Title Problems
      • Closing Cost Terminology
      • Transfer Tax Ordinances

815-277-1500

Onward Title LLC
  • Home
  • Onward Attorneys
  • Order Title
  • Schedule a Closing
  • Resources

Schedule A Closing

Thank you!

  PLEASE FORWARD CLOSING DOCUMENTS OR ANY CLOSING INQUIRIES TO:     ilclosings@onwardtitlellc.com


If the property is located in a city that requires municipal transfer stamps, the stamps must be presented at closing. The member does not have authority to disburse on a transaction without municipal transfer stamps or a certificate of inspection when the municipality requires it. The transfer stamp and/or certificate of inspection must be brought to the closing. In addition, money cannot be collected at closing with the assumption that someone from Onward will obtain the stamp. 

CONGRATULATIONS !

 You have arrived at the most important part of the home buying process - Closing!  

At Onward Title, we want you to close with confidence; not only in your  title company but in your own knowledge of the process. 



Title Insurance- Why You Need It

  •   Know the lingo. A “Loan Policy” or “Lenders  Policy,” protects the Lender and covers the  outstanding balance on the mortgage, but  it does not protect you as the homeowner.  The second type, is called an “Owner’s  Policy,” which insures you as the Buyer. 
  •   If a title claim occurs, it can be financially  devastating if the owner is uninsured. If  you want to protect yourself from claims by  others against your new home, you will also  want an Owner’s Title Insurance Policy. 
  •   An Owner’s Title Insurance Policy protects  against previous mistakes, defects and  hidden risks involved. 

The Hidden Risks Behind Title

  •  Errors Incorrect information in deeds, wills, trusts,  mortgages, public records, or forgeries 
  •  Liens or judgments against the property Claims against the property or the seller  that become the new owner’s responsibility  after the sale. 
  •  Claims to ownership A claim to “marital interest” by the spouse  or child of a former owner who was not  mentioned in the previous owner’s will 
  •  Invalid Deeds Transfer by a previous seller who did not  actually own the property or by a previous  owner who was not mentally competent. 
  •  Lack of Access If you would have to cross a private road to  get to your property and the owner of the  road won’t allow you to do so. 


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