COVID-19 has affected all of our lives, and real estate purchases and refinances are no exception. However, even though many non-essential Virginia businesses are required to close, real estate title and settlement is permitted to continue.
Virginia's governor issued Executive Order 53, which required many non-essential Virginia businesses to close at midnight on Tuesday, March 24th. Thankfully, the order made an exception for most businesses involved in the real estate process (realtors, lenders, title and settlement agencies, law firms, etc.). PIKE TITLE and our industry partners continue to serve existing and new clients.
At PIKE TITLE, we will remain open with enhanced safety procedures for our employees and clients. These include:
E-signatures for all permitted documents
E-Deposit (ACH) for all proceeds and disbursements
Title policies that protect lenders and buyers for COVID-19 uncertainty
Enhanced office sanitizing
The local courts and our industry partners continue to work to close real estate transactions. We are closely monitoring the COVID-19 situation in our area and adjusting our policies as required. Our office is prepared to work remotely, while keeping our doors open for closings, if necessary.
We are here for our clients who are purchasing and refinancing real estate and taking advantage of historically low interest rates. Call us for more information or a fee quote.