The Process of Conveyance
So what is the actual process that occurs when your home sells? The act itself is known as Conveyance. This is the legal and binding transfer of property from one individual to another. The process of transfer involves a number of contracts and additional parties such as attorneys. The end goal is that the buyer receives a authentic and legitimate title to the property. This is of course assuming that the seller possesses the right to sell the property from a legal perspective. Conveyance is typically comprised of two elements, the exchange of contracts and completion. There are also three distinct stages of conveyance, before contract, before completion, and after completion.
Typically the process of conveyance is different in every state, however the basics of the act are similar. Representatives of the buyer, seller and the mortgage lender meet and exchange the necessary legal papers. There is a large number of legal documents that change hands at this stage; deeds are the primary documents that are involved at this stage however this is also the time when financial documents such as promissory notes, mortgage papers, pro rata property taxes, title insurance and such are dealt with.
So much more goes on during the process of conveyance than simply signing a few papers. It is a complicated business that can have huge ramifications on the outcome of the home sale. Any last minute conditions must be dealt with before the conveyance can come to a close. If you need more info about what happens during this process, ask your Realtor or contact your lawyer, either of these people should be able to educate you a bit more on the act of conveyance.
About Daniel Vallelunga Daniel Vallelunga is affliated with Prudential NW Properties, which is located in Vancouver, WA. For further assistance please use the contact information located on the right.
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Local Information for Vancouver, WA
Latitude: 45.633743 -- Longitude: -122.603011
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ZIP Codes for Vancouver, Washington
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98660 
98661 
98662 
98663 
98664 
98665 
98666 
98667 
98668 
98682 
98683 
98684 
98685 
98686 
98687 
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Area Code for Vancouver, Washington
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360
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Time zone for Vancouver, Washington
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PST
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Other Area Cities:
Vancouver, WA
Battle Ground, WA
Camas, WA
Portland, OR
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Vancouver, Washington is a city on the north shore of the Columbia River, in the state of Washington, USA. It is the county seat of Clark County. As of July 1, 2005 it had a population of 157,493, positioned with influence from neighbor Portland, Oregon. It is part of the Portland-Vancouver metropolitan area. -- Source: Wikipedia.com
Washington 2000 Census Population Profile Map
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Vancouver |
Washington |
United States |
|---|
| Population |
143,560 |
5,894,121 |
281,421,906 |
|---|
| Median age |
33.1 |
35.3 |
35.3 |
|---|
| Median age for Male |
32.2 |
34.4 |
34 |
|---|
| Median age for Female |
34.1 |
36.3 |
36.5 |
|---|
| Households |
56,628 |
2,271,398 |
105,480,101 |
|---|
| Household population |
141,478 |
5,757,739 |
273,643,273 |
|---|
| Average household size |
2.5 |
2.53 |
2.59 |
|---|
| Families |
36,308 |
1,499,127 |
71,787,347 |
|---|
| Average family size |
3.06 |
3.07 |
3.14 |
|---|
| Housing units |
60,039 |
2,451,075 |
115,904,641 |
|---|
| Occupied units |
56,628 |
2,271,398 |
105,480,101 |
|---|
| Vacant units |
3,411 |
179,677 |
10,424,540 |
|---|
Visit US Census
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Daniel Vallelunga
Prudential NW Properties
17700 SE Mill Plain Blvd Ste 100
Vancouver, WA 98683
VOICE: 360-256-0088
FAX: 360-253-8009
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