Residential Closings

Residential Closings

Hatcher Title & Escrow Agency anticipates and fulfills the needs of our residential customers.

Hatcher Title & Escrow Agency’s real estate attorney, Paul Hatcher, has practiced principally in the area of real estate law for over 33 years. Our residential escrow agents, Carman Farley and Dee Brandt, have more than 50 years of title experience between them. We are prepared to handle even the most complicated transactions.

We strive to deliver consistent, high-level service with every closing. Our title examinations are complete and thorough. This protects you against adverse title claims.

tips and resources

How Are Real Estate Taxes Prorated At the Closing?

Real property taxes are paid at the end of the year. They are not due and payable until October of the year for which they are due. At closing, taxes are prorated, meaning the seller pays the buyer his share of the year’s taxes. Then the buyer pays the full bill when received. When a closing takes place between January and October, the amount of the current year’s property tax assessment is unknown and the parties base the tax proration on the prior year’s amount.

© HATCHER TITLE AND ESCROW AGENCY, INC.
1418 McCallie Avenue, Chattanooga, TN 37404
423-894-0198 ph  /  423-265-8907 fx

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