License No. W582778
Call Today 954-507-2717
HGM Title & Escrow, PLLC is an attorney owned title company dedicated to providing a seamless real estate transaction for all parties involved. We assist our clients with Refinance transactions, Short Sales, Deeds in Lieu of Foreclosure, and Purchase and Sale Transactions.
Real estate transactions can be intimidating to anyone not in the business. Let us take care of you and guide you in the closing process. Our closing platform allows all parties to the transaction to come together on one platform. Our real estate agents can order title, upload contracts, and send and receive secured messages regarding the transaction through a secured portal. Our buyers can review and electronically execute the loan documents provided by the lender. Our lenders can send and receive buyer loan documents, title commitments, title policies, CD/HUD, closing instructions, and send and receive secure messages through the secured portal.
The best part of our platform is that everyone can see the status of the closing process at any time during the day while all of the communications and documents are kept on the secured platform. The risk of fraud and cyber- crime is significantly reduced by using the secured platform. It’s as easy as logging into our platform to confirm what stage the transaction is in for the closing.
Typically, a purchase and sale transaction can be reduced to 3 steps:
During this step you will research lenders, obtain a pre-approval for a mortgage, find your dream home, make an offer, negotiate the contract, and tender your earnest money deposit. Home inspections and obtaining an appraisal of the property will also occur during this step.
HGM will run a title report that will pull any judgments, liens, deeds, mortgages, and any encumbrances on the property that are recorded in the official records. HGM will pull municipal and county liens, outstanding taxes, and order estoppel letters for Homeowner Associations and Condominium Owner Associations, if applicable. A payoff will be requested if the seller has an existing mortgage on the property.
An inspection of the property will be conducted. A survey may also be ordered and any steps necessary to cure issues as it relates to the property and title are remediated.
HGM will prepare the title commitment, CD/HUD, title policy, and the Lender will prepare the loan package for the buyer’s review.
The buyer wires the funds in advance of the actual closing date to ensure the funds clear prior to disbursement to the seller. The buyer executes the Promissory Note and Mortgage, and other loan documents. The Seller executes the Deed. HGM runs a gap title search for any judgments, liens, taxes, and assessments that may have attached to the property after the initial title search was run. If all is clear, the funds will be disbursed and the keys to the property will be tendered to the new buyers. HGM will record the Mortgage, Deed, and ensure the prior mortgage, if any, is released.
While there are several moving parts to the real estate process from start to finish, the key to success is using professionals that have the necessary knowledge and skills in their respective area of the real estate transaction. HGM educates their lenders and realtors on industry changes and updates to ensure that they can provide the best service to their clients. Moreover, we ensure our buyers and sellers fully understand the process and are kept in the loop of the process at all times.
HGM handles Short Sale transactions and Short Payoff Negotiations for buyers and sellers. Ashland Medley, Esq., the owner of HGM Title & Escrow, PLLC, represents investors in commercial and residential mortgage foreclosures and has a wealth of knowledge and expertise in handling these transactions. A short sale is when the property’s contract price is less than what is owed on the existing mortgage on the property. Unfortunately, having a property that is “under water” is not uncommon in today’s market. Lenders are often willing to accept a purchase price that is less than what is owed on the existing mortgage.
HGM can also assist with facilitating a Short Payoff on your behalf. A Short Payoff is routinely negotiated in commercial and residential transactions. A Short Payoff offer is when the borrower offers an amount that is less than what is actually due and owing under the existing mortgage to payoff the loan in full. HGM has the knowledge and expertise
HGM Title & Escrow, PLLC can also assist in a Deed in Lieu 0f Foreclosure (“DIL”) transaction. If you are in foreclosure, the Lender may accept a DIL which will allow you to avoid having a Final Judgment of Mortgage Foreclosure filed and recorded against your name. In short, you give the lender the deed to your house to avoid a final judgment. HGM can prepare the title documents necessary for this transaction expeditiously as we understand your circumstances are urgent.
You have a new baby on the way and you aren’t sure how you are going to afford the new addition to the family. You have been dying to get your kitchen upgrade you said you would do 10 years ago when you first bought your home. You have student loan debt with no end in sight. Whatever the reason is- a refinance may be a good option for you. HGM provides title services to assist you in the refinance of your home. Let us take care of you!
