Residential Real Estate Settlements

In the Purchase of your own real estate you acquire an asset as well as a liability. Ownership of your house is not a dream but also a necessity. In order to make this dream come true one must go through Real Estate Settlement.

The Simple steps of Real Estate Settlement described below are designed to optimize your investment in Real Estate.


• Term and Conditions
• Contingencies
• In the real estate transaction, generally the buyer has the right to select a Settlement Company/ Attorney.


A document signed by the seller to convey title to the purchaser. The Purchaser may take title solely or with another person by
• joint tenancy
• tenancy by the entirety, or
• tenancy in common.


• Loan Application
• Commitment to Lender
• Termite Inspection
• Existing Loans, Liens and Payoffs
• Execution of Documents
• Recording
• Satisfaction of Contingencies
• Title Search and Examination
• Survey of Property
• Taxes and Dues Verification
• Settlement Statement Preparation
• Lender's Check and Disbursements
• Return signed Loan Package
• Escrow Agreement, If Required


Joint Tenancy - An interest taken by two or more joint tenants. The interest must be the same, accruing under the same conveyance, beginning at the same time, and held under the same undivided right to possession. Upon the death of one joint tenant, the interest passes to the surviving joint tenant without passing to the heirs of the deceased.

Tenancy by the Entirety - A form of ownership by husband and wife whereby each owns the entire property. In the event of the death of one, the survivor owns the property without probate.

Tenancy in Common - An undivided ownership in real estate by two or more persons. The interests need not be equal, and, in the event of the death of one of the tenants, no right of survivorship in the other owners exists.


A written security instrument by which title to real property in transferred to a trustee as a security for a debt or other obligation. If a default occurs, the lender may accelerate the debt and foreclose on the secured property unless the default is cured.


A written promise to pay a certain amount of money, at a certain time or in a certain number of installments. A note usually provides for payment of interest and may be secured by a deed of trust. Interest on the note may be a fixed or variable rate.


A charge imposed by a lender in consideration for making a loan secured by real property, described in terms of “points”. One point equals one percent of the loan.


A review of all recorded documents affecting a specific piece of property to determine the present condition of title.


A document identifying the total cost of obtaining a loan. In addition to total interest over the life of the loan, lender's charges such points, appraisal and inspection fees, and private mortgage insurance are disclosed.

We would like to thank you again for selecting Sakson Settlements as your settlement company for your valuable investments'.

Since 1989, we have been serving the legal needs of our communities in the Washington Metropolitan Area and during that time we have had a special emphasis on residential and commercial settlements. At Sakson Settlements we provide attention to details that are not only critical; however also very important to the settlement process. Accordingly, this experience and our team’s dedication to you make Sakson Settlements the right choice for our clients' real estate and commercial settlement needs.

At Sakson Settlements we provide our clients with many options as to the time and place of their settlement, all at no additional cost. We offer a “Settlement Fee for Life”, where the client only pays their initial settlement fee for a particular property, and we will waive each subsequent settlement fee thereafter, with exception to other nominal charges. Meaning once you have settled with us on a particular property, if you decide to refinance or sell your property we will waive the settlement fee for being our loyal customers, except other charges.

Not only do we provide “Settlement Fee For Life,” but we also proudly stand behind the fact that we offer the most competitive fees in the settlement business. In fact, we will match the settlement costs of any settlement company.

We at Sakson Settlements appreciate the opportunity to work alongside you in serving the needs of buying, selling or refinancing your property with the quality, expediency, and trust that only an attorney owned and operated Settlement Company with more than 25 years of experience can provide. Please keep us in mind for your future settlement needs and do not hesitate to call with any questions you may have.

Our Goal: Trust one of your own, your growth is our success!

This is not a legal advice. For legal opinion & advice consult an attorney of your choice.

Raja Bhandari Law Offices

6926-B Little River Turnpike
Annandale, Virginia 22003


Sakson Settlements

965-C Russell Avenue
Gaithersburg, Maryland 20879


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