Closing Issues

• Title insurance costs so much. Do we have to obtain it?

  Yes, title insurance is probably the best money you spend in the whole process, because it not only protects the lender but also safeguards the church from individuals who may attempt to place encumbrances on its property.

• How soon can we close?

  The money is available upon approval by the committee, so it depends on how quickly the title agency can complete the necessary paperwork.