Penn Realty Settlement


  • Affiliated with MHK Attorneys, a full service law firm
  • Full Abstract and Title Services:
  • Agreements of Sale
  • Deeds
  • Mortgages
  • Promissory Notes
  • Closing Documents
  • Notary Sevices
  • Closing of Property Sales or refinance
  • Review contracts
  • Paying off prior mortgages
  • Coordinating property inspections
  • Preparing HUD-1 settlement statements
  • Coordinate and finalize documents
  • Close transactions
  • Submit pertinent documents for proper recording in public record
  • Title searches
  • Title examinations
  • Provisions of title certificates and title insurance

Settlement Services: Include the conducting of closing of property sales or refinance, including any service provided in connection with real estate.

Title Insurance: When purchasing a commercial or residential property it is imperative to protect your investment by getting the right title insurance.

What is title insurance?  It protects real estate owners and lenders against any property loss or damage they might experience due to liens Make sure that the title to a piece of real estate is legitimate and then issues title insurance for the property, It protects the lender and/or claims against the property that result from disputes over the title. Most mortgage lenders require buyer to purchase Title Insurance.

ABSTRACT OF TITLE is an evidence of ownership in the conveyance of property. It aims in abbreviated form to trace as far back as possible or desirable the history of the property, the names of its successive owners and the dates of various transfers. Title companies assure the validity and marketability of the title and guarantee the buyer against loss up to the amount of his purchase.

A property abstract is a collection of legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to deeds, mortgages, wills, probate records, court litigations, and tax sales—basically, any legal document that affects the property.
The abstract will show the names of all property owners, how long a particular holder owned it, and the price of the land when it was sold. Rarely will an abstract mention capital improvements to the property.
An abstract of title is the condensed history of the title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate.


The main rights in the title bundle are usually:

Exclusive possession
Exclusive use and enclosure
Conveyance, including by bequest
Access easement

The rights in real property may be separated further, examples including:

Water rights, including riparian rights and runoff rights
In some U.S. states, water rights are completely separate from land
Mineral rights
Easement to neighboring property, for utility lines
Tenancy or tenure in improvements
Timber rights
Farming rights
Grazing rights
Hunting rights
Air rights
Development rights to erect improvements under various restrictions
Appearance rights, often subjected to local zoning ordinances and deed restrictions




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