Posted by dewCO on October 26, 2000 at 21:54:57:
Yes get everything signed immediately.
If the seller is paying for the title commitment who is ordering it? You need to find out. Usually the seller does. That is the title search. It will tell you whom is on title (the seller[s]) and what liens are against the property, along with lots of other stuff.
The title commitment becomes the title policy at the close of the transaction. Here you get it in the mail within 30 days after closing. If the seller is agreeing to deliver it to you, then the seller is paying for it, at least for the master policy. In CO if there are endorsements (usually $60-$120 for a SF home) then the buyer usually pays those here.
Yes, if all the title work doesn’t check out then you void the deed and don’t record it and advise the seller of this fact, as long as your contract is contingent upon you getting satisfactory info on these items.