Pinnacle Settlement Services - Florida, Maryland, Virginia, Michigan, District of Columbia
Feb. 23, 2012
Pinnacle Settlement Services - Florida, Maryland, Virginia, Michigan, District of Columbia
Pinnacle Settlement Services - Florida, Maryland, Virginia, Michigan, District of Columbia
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Phone: 866.441.4666
Fax: 866.441.4667
Email: info@ pinnaclesettlements.com
Frequently Asked Questions
The following area details some of the frequently asked questions regarding settlements/closings. Please check back from time-to-time newly added items.
Settlement FAQs
  1. What should I bring to closing?
  2. How much time should I expect to put aside for my settlement
  3. Who attends settlement?
  4. What fees can I expect to pay at settlement?
  5. What form of payment is acceptable at closing?
  6. What is title insurance and is it mandatory?


  1. Q. What should I bring to closing?

    A. You will need to bring a valid government issued picture ID such as a driver's license, passport, or military ID.
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  2. Q. How much time should I expect to put aside for my settlement

    A. While the time of a settlement can fluctuate, a refinance will take between 30 and 50 minutes and a purchase will usually take roughly 45 minutes to 1 hour.
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  3. Q. Who attends settlement?

    A. At a "purchase settlement", typically the real estate agent, the sellers, and the purchasers will attend the settlement, which will be led by a Pinnacle Settlement Services, Inc. Attorney or Settlement Closer. A refinance settlement typically will have the borrowers and our attorney or settlement officer in attendance.
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  4. Q. What fees can I expect to pay at settlement?

    A. You can expect to pay for title insurance in which the state insurance commissions set the rates. These rates are based on the amount of the loan and the amount of the property. Every settlement is different, which is why Pinnacle often can not furnish the exact amount you need to bring to closing until the day before or day of your settlement. however, your lender or real estate agent should be able to provide you with a "good faith estimate" to give you an idea of what you can expect at your settlement.
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  5. Q. What form of payment is acceptable at closing?

    A. Any money due at your settlement, must be in the form of "guaranteed funds", such as cashier's check, bank check, money order or certified check. Please call our office in advance of your closing to ensure the correct amount expected at closing.
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  6. Q. What is title insurance and is it mandatory?

    A. Owners title insurance (for purchases only) provides you with protection from financial loss and payment of legal fees associated with unexpected claims that may arise against your property prior to taking title. Most lenders do require that the borrower purchases "lenders" title insurance to protect their interest in the property.
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