Title Exam, Insurance, Title Survey

The title company will then update the title commitment to make sure no other liens have been filed and no new taxes have come due.  They will then prepare the final HUD -1 closing statement, add any of the closing fees to the purchase price and make any property tax prorations based on the purchase agreement. The title company will subtract the loan amount plus any other fees the seller may have agreed to pay in the purchase agreement to come up with a bottom line, which will be the amount you need to close on your home.