Below is a list of the most commonly asked questions we receive in regards to our industry. Hopefully our answers to these questions will take some of the mystery and unknowns out of the settlement process.


During your closing, you will meet with one of our highly experienced notary closers. Your real estate agent or loan officer may also attend should they like. During the meeting, you will review and sign all of the relevant closing papers. Your closer will notarize specific ones.

Once both the buyer and seller appointments have been completed and funds have been submitted from the buyer and lender (if applicable), the necessary documents can be recorded with the respective county in which the property lies. Once the transaction has been updated, funded and recorded, the proceeds are disbursed to the seller and any other funds due are also disbursed according to the settlement statements signed by the buyer and seller at closing. Newman Title will then call your real estate agent to let them know we are completed with the closing and the agent will then disburse keys and possession of the property to the buyer.


A title is the evidence that verifies one has right to possession of land. Title insurance plays a major role in making certain that your home ownership is free and clear of any rights or claims of prior owners. Title insurance protects the homeowner and the mortgage lender from potential risks associated with defects in title. There are two kinds of title insurance: Owner's and Lender's. Owner's Coverage is issued at the time the buyer purchases the property. Coverage is paid based upon the purchase price or the loan amount, whichever is greater. Coverage will last as long as the buyer or the buyer's heirs have an interest in the property. However, an owner's policy is not issued when you refinance. Lender's or Mortgagee's Coverage protects the lender's investment in the property. However, this policy insures the lender against title defects that may affect the security of the mortgage loan - not the buyer's investment. The lender's title insurance policy is based on the amount of the mortgage and it decreases as the mortgage is paid off. Even if the lender has a title policy, the buyer still needs an owner's title policy to protect his/her interest.



  1. Two forms of ID including your driver’s license or state identification card
  2. Social Security Number
  3. Any special lender requirements (if applicable)
  4. Your spouse even if they are not going into title. If it is a cash transaction your spouse is not required.

NOTE: All funds over $10,000 must be sent in the form of a wire to Newman Title. Should the funds be less than $10,000 a cashier’s check may be accepted.
Be sure to transfer all utilities into your name.


  1. Drivers license or state identification card
  2. Social Security Number
  3. Your bank account information if you would like your proceeds wired into your account
  4. Your spouse even if they are not in title with you. Ohio requires every spouse to release their dower interest on a sale.

NOTE: Keys, garage door openers etc will be handled by your real estate agent.
Be sure to contact your mortgage company and/or water & sewer company to stop all automatic withdrawals once the recording of the transfer deed has been completed.


Title insurance is necessary to protect against those risks which are present in all real estate transactions. Hidden hazards, which cannot be detected in the examination of title, can be forgery, incompetence of grantor or mortgagor, fraud, unknown heirs, impersonation, prior taxes or liens. And these are just to name a few.


Title insurance is directly related to the value of the property. The higher its value, the more coverage is needed. The premium is small compared to the total purchase price. The premium is paid only once and remains in force for as long as the property is owned by the insured.