Welcome to walnut street closings
Title Insurance & Closing Services in PA, NJ, FL, MI and MN
Get in touch with us today!
oUR sERVICES
TITLE INSURANCE
Title Insurance is an indemnity contract between an insured owner or lender and the title insurance company named on the title policy. The title policy protects real estate buyers and/or lenders from loss suffered as a result of various title defects listed on the title policy. Some examples of title defects include outstanding and unpaid property taxes by the previous owner, fraud or forgery in a deed, unknown heirs or spousal issues.
Should a claim be made against the title, defending the claim or curing the defect could potentially cost you thousands of dollars in attorney’s fees and costs. Additionally, in some extreme cases, you could lose your property. A title insurance policy covers the cost of a legal defense, as well as any amount of a covered loss up to the limits of the policy, which is ordinarily the purchase price of the property and in some cases up to 150 percent of that amount.
CLOSING AND SETTLEMENT SERVICES
At Walnut Street Closings, we provide secure escrow services and owner and lender title policies in tandem with resale real estate transactions and lender policies with refinance transactions. Our professional settlement officers possess extensive residential closing experience and can assist you with even the most difficult of transactions. We are your partner at every turn of the closing process, ensuring the smoothest and most accurate process.
For more information about Residential services, contact us today at 215-323-4131
wire transfer information
WIRE INSTRUCTIONS
Wire transfer of funds is required for any monies due over $5,000.00. We cannot accept ACH credits. An actual wire transfer must be sent. We accept certified, treasurer’s or bank checks up to $5,000, but they MUST be payable to WALNUT STREET CLOSINGS LLC. Personal checks are accepted for funds due under $500.
THIS IS VERY IMPORTANT:
All checks including certified, treasurer’s or bank checks MUST BE PAYABLE to WALNUT STREET CLOSINGS LLC. We will not accept checks payable to the borrower/buyer (even if the bank that issues the check tries to tell you otherwise).
Any excess funds presented at closing will be refunded to you. Walnut Street Closings will issue a check back to you for the difference.
USE THIS CHECKLIST AS A GUIDE TO KEEPING
YOUR TRANSACTIONS SAFE AND SECURE:
- NEVER RELY on emails purporting to change wire instructions. WE WILL NEVER CHANGE OUR WIRE INSTRUCTIONS.
- ALWAYS VERIFY wire instructions, specifically the ABA routing number and account number by calling the party who sent the instructions to you. DO NOT use the phone number provided in the email containing the instructions; use phone numbers you have called before or can otherwise verify. Obtain the phone numbers of the Real Estate Agents, Buyers, Sellers, Lender and Attorneys as soon as the application is placed.
- DO NOT send an email to verify as the email address may be incorrect or the email may be intercepted by the fraudster.
- DO NOT forward wire instructions to other parties without first verbally verifying the instructions from the sending party.
- USE COMPLEX EMAIL PASSWORDS that employ a combination of mixed case, numbers and symbols. Make your passwords greater than eight (8) characters. Also, change your password often and do NOT reuse the same password for other online accounts.
- USE MULTI-FACTOR AUTHENTICATION for email accounts. Your email provider or IT staff may have specific instructions on how to implement this feature.