If you had an attorney representing you in this purchase, he'd review the title to make sure it's kosher.
Scott Miller, Realty Associates, Boca Raton, FL
Jerry Grodesky Broker
United Country Farm and Lake Houses
If you do not already have one, hire a real estate attorney just to assist you to review the documents (like title, contract stipulations etc) prior to closing, and to review the documents you actually sign at the closing table. It's worth the extra money now rather than having problems after the fact.
Title companies do closings all the time, but if you are concerned, having someone to represent you is invaluable.
The attorney will look out for your bets interests, they will complete the title search to make sure the property is free of liens when your purcahse, they will review the sellers deed transfering the property to you to make sure it is acceptable and complete the closing, including preparing the settlement statement known as the HUD and conduct teh actual signing. You should not rely on teh sellers attorney that is looking out for the seller who is not looking our for your best interests.
in a large investment....
Good Luck to you!
Your Chicago and Northern Illinois Expert