Legal & Financial

The legal and financial pieces of a closing, explained in plain language — general information, not legal advice.

What you may want to understand



Important tax dates, prorations, and the Homestead Reduction.



Warranty, Survivorship, Transfer on Death, Limited Warranty, and Quit-Claim.



A plain breakdown of buyer and seller closing costs.



Owner’s versus loan policy, and the risks each covers.



Portage and Summit counties — the four-step process and fee.

Questions about your closing? Reach the Diamond Title team Monday through Friday, 8:30am–5:00pm ET.