The closing process starts when the contract is signed and includes the review and identification of any title issues, as well as, clearing those issues in order to allow the transaction to proceed to settlement. Bringing the parties to the closing table as smoothly as possible with full understanding of the process is one of the core goals of Terra. We understand that issues about title do arise and need to be addressed. Our immediate access to in house legal advice and direction when there are problems with the title to a property is one of the primary drivers of our success rate. We have been able to close transactions where other title companies were simply not equipped to do so.
Beyond traditional services, Terra also supports transactions where the borrower has agreed to return distressed property to the secured lender. Terra coordinates and completes Deed-in-lieu agreements under the supervision of their parent company, Stern & Eisenberg, PC, for a variety of lenders, including governmental agencies. From reviewing title to determine if a property is a candidate for the deed-in-lieu process to the final transfer of the property back to the lender, Terra has the knowledge and skill to assist.
FORECLOSURES & REOS
ESTATES & OTHER MATTERS
Terra offers its clients a full range of services to assist in transition of properties in a number of other situations, including, but not limited to the transfer of real estate from an estate to the beneficiaries and/or heirs entitled to an interest in the property. Terra has an affiliation with the law office of Stern & Eisenberg, PC whereby it can get direct strategic recommendations as to how matters should be addressed, as well as, knowing when a matter needs involvement of an attorney or the judicial system.
Terra assists its customers with the recordation of UCC financing and continuation statements in connection with more sophisticated business transactions and Terra makes sure the security instrument documents are filed with the appropriate governmental entities, wherever they may be located.