Identification: Please note, at closing each signing party must provide a valid, unexpired, government-issued photo identification such as a drivers license, passport, or military identification. The name you wish to use in this transaction must match the name on this identification. If you do not have a valid ID, please start the process now to obtain one so that closing is not delayed.  

Scheduling: Our typical turnaround time for title commitments is 10 business days. When the commitment is issued, we will advise what specific items must be completed before the closing can be scheduled on your transaction. The closing cannot be scheduled until all title issues are resolved, the survey (if required) has been received and approved by Yates Title, and the lender (if any) has cleared the file for closing. The closing date written in the Contract is always the goal; however, the closing is not scheduled until you receive a confirmed date and time from Yates Title. 

Funds: For closing, the parties are required by law to pay any money due with "good funds." Pursuant to the Texas Department of Insurances regulations, a transaction cannot be funded until the money received from the parties has been cleared by the issuing bank. For a wire or cash payment, the funds are cleared immediately upon deposit into Yates Title's escrow account. For cashiers checks, the issuing bank can take up to 5 business days to clear the funds. Please note ACH transfers, Credit Card payments, and Debit Card payments do not qualify as good funds and cannot be accepted. Yates Title will fund your transaction once all deposits have cleared.

Realtors Commission Payments: If the contract does not specifically state otherwise, we assume that the total Realtors Commission is 6% of the purchase price split equally between the Brokers. We will prepare commission checks payable to the Broker Firm listed on the contract. If you wish for the commission to be paid to another entity or with a different split, please submit a Commission Disbursement Agreement (CDA) in writing to service@yatestitle.com as soon as possible.  

Thank you for choosing Yates Title to handle this transaction.  We consider it a privilege to serve your title needs.