Frequently Asked Questions

During the closing process you should expect the following:

• Approx. 30-60 days from closing, a phone call from your assigned DSLD Title Pre-Closer to verify information in order to begin your title work.
• Approx. 3-7 days from closing, a phone call from your assigned DSLD Title Escrow Officer to schedule a time for closing on the act of sale date set forth in your sales contract.
• Approx. 3-7 days from closing, delivery of the Closing Disclosure from your lender.  This document must be acknowledged by the borrower(s) no later than 3 days prior to closing (Sundays and Federal Holidays do not count).  In some cases the figures shown on your Closing Disclosure may change in the period between acknowledgement and closing.

You should bring the following to closing:

• All borrowers and any person taking title to the property being purchased will need a valid government-issued picture ID. 
• If you are responsible for funds due at the closing table (cash to close), the funds will need to be presented as follows:  Amounts under $2,500.00 may be in the form of a personal check, Cashier's check, or wire transfer. Amounts $2,500.00 or more must be in the form of a Cashier's check or wire transfer.  In either case, if a mortgage is involved, the funds must be drawn from the account listed on your mortgage application and approved by your mortgage company.

Our title insurance underwriters, Old Republic National Title Insurance, explain this perfectly here.

The Louisiana Constitution allows for an exemption on the first $75,000 of value on a homeowner's primary residence. To qualify for homestead exemption a person must be the owner and occupant of the home.  In order to receive the homestead exemption, you must first apply with your local Tax Assessor's Office.