Lawyers Express Title

Understanding the Real Estate Settlement Process in Maryland

image of lawyers express title post-real estate settlement Maryland

Buying or selling a home in Maryland? Settlement day is the finish line, but getting there involves a lot of steps you might not see.

At Lawyers Express Title, we’re here to make sure you understand the process so there are no surprises along the way. Let’s dive into the real estate settlement process in Maryland!

What is the Real Estate Settlement Process?

  • The legal process of transferring ownership of a property from seller to buyer.

  • Happens after the contract is signed but before the keys are handed over.

  • Coordinated by a title company (like LET) to ensure everything is correct, legal, and fair for both sides.

Key Steps in the Maryland Settlement Process:

Title Search and Examination

  • Review public records to verify ownership.

  • Look for liens, unpaid taxes, easements, or anything that could affect the buyer’s rights.

Title Insurance Preparation
  • Issue lender’s and owner’s policies to protect both buyer and lender.
  • Title insurance = protection from unexpected title problems.
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Document Preparation
  • Drafting the deed, settlement statement (CD or ALTA), loan documents, and affidavits.
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Closing Disclosure Review

  • Buyer and seller review final numbers (loan amount, closing costs, taxes, title fees).

  • Review at least 3 days before settlement if it’s a financed transaction.

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Settlement Day
  • Final walk-through of the property (typically the day before or morning of).
  • Meet at the settlement office.
  • Sign the deed, mortgage paperwork, loan documents, and disclosures.
  • Exchange funds (down payment, loan disbursement, seller proceeds).
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Recording and Finalization

  • Title company records the new deed with the county.

  • Funds are disbursed to the appropriate parties.

  • Buyer receives keys – officially the new homeowner!

Common Questions We Get About Settlement

  • How long does settlement take? (Usually 45–60 minutes.)

  • Do both buyer and seller have to be there? (Typically yes, but remote closings are possible.)

  • What do I need to bring? (Photo ID, cashier’s check if needed, anything your lender requested.)

  • Can things go wrong at settlement? (Very rarely — but title companies help prevent surprises.)

Why Choose Lawyers Express Title for Your Maryland Closing?

  • Experienced, local team specializing in real estate transactions across Hunt Valley, Towson, Timonium, and Lutherville.

  • Clear, upfront communication.

  • Secure handling of sensitive information (we use industry-leading tech and cybersecurity tools).

  • We make closings easy — and even enjoyable!

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