Do you have more questions?
Call us at (406) 728-0990 or email us at receptionist@western-title.com.
We're more than happy to answer any further questions you may have.

Frequently Asked Questions

1) What do I need to bring to Closing?

First and foremost you need to bring a smile. Our goal at Western Title & Escrow is to ensure that you leave with a smile too. You will also need to bring a valid government issued picture I.D. such as a Driver's License, Passport, or Military I.D. Additionally, if you are bringing money to the closing these funds will need to be in the form of a cashier's check, or wire. Cash is only acceptable in small amounts. Please call our office in advance if you intend to bring cash or would like to wire funds.

2) How long will the closing take?

While the time of a closing can vary greatly, typically a refinance will take between 20 and 30 minutes. The purchase side of the sale transaction will take 30-45 minutes and the seller side of a transaction about 15 minutes.

3) How and when is a closing scheduled?

When purchasing, your real estate agent and/or lender will coordinate the signing at a time that is convenient for you and also when the documents will be available from your lender. As a seller, your real estate agent will coordinate the signing times.If refinancing, your lender will coordinate the time based in when documents will be available and tour schedule.

4) What if I can not attend closing?

In certain circumstances, a "power-of-attorney" can be prepared for you. A "power-of-attorney" is a legal instrument which allows another to sign legal documents on your behalf. Please give one of our closing officers a call to see if this is an option that would work for you.

5) Who attends closing?

At a purchase closing, typically the buyer, their real estate professionals and lender will sign separate from the seller and their real estate professional. Signings are done this way for privacy reasons and conducted by one of our experienced closing officers. It doesn't matter who signs first as we hold everything in escrow until all conditions of the closing are met for seller, buyer and lender. In a refinance closing usually only the borrowers, their lender and our closing officer will be present at signing.

6) Who does Western Title & Escrow represent at closing?

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. In a refinance closing, we are there to follow your lender's instructions and to explain the documents to you and verify that they are properly executed.

7) When can I find out how much money I need to bring to closing?

Because we rely on third parties such as lenders to provide us with instructions, information, and figures for your closing, we often can not furnish to you the exact amount you need to bring to closing until the day before, or, sometimes, even the day of closing. However, you should be able to rely on your lender's or your realtor's good faith estimate for the approximate amount of money you need to bring with you. If you happen to bring too much money to closing, we refund back to you any excess amount upon completion of the closing.

 

Western Title & Escrow • 1200 Reserve St, Suite M • Missoula, Montana 59801
Phone: (406) 728-0990 • FAX: (406) 728-0209 • Email: receptionist@western-title.com