Realtors' Frequently Asked Questions
Who attends settlement?
At a purchase settlement, typically the sellers, purchasers, and their real estate professionals will attend the settlement, which will be conducted by one of our competent and experienced attorneys or settlement officers. At a refinance settlement usually only the borrowers and our attorney or settlement officer are present.
Who does Peak Settlements represent at settlement?
In a purchase transaction, the title company "represents" the contract. The title company does not negotiate the terms of the transaction; rather we facilitate the execution of the terms of the transaction. We do not act for, advise, or "represent" any one party.
How long will the settlement take?
While the time of a settlement can vary greatly, typically a purchase settlement will take between 45 minutes and 1 hour and 15 minutes.