What Does Our Florida Title Company Do?

A Florida title company plays an important role in all real estate transactions. The company performs several services to ensure a successful real estate closing.

Southeast Closing Services Researches the Property’s Ownership

Before any real estate transaction can take place, a Florida title company must confirm the ownership of the property. This title service consists of researching the history of ownership in order to issue a preliminary title commitment.

The title commitment indicates that the current owner owns the property with no disputes. If the legitimacy of the current owner is in dispute, the title company will work to resolve the issues, thereby establishing a solid history and a clear title.

A dispute might include researching liens that were placed against the property, such as an old mortgage. If there isn’t a clear indication that earlier liens have been removed, the title insurance company will contact the parties involved in the earlier transaction to obtain the records indicating that the lien is no longer in effect.

Our Florida Title Company Manages the Closing

States have different regulations, but in Florida, the title company manages the closing process. For example, the company will provide the title documents to the lender and calculate payoff figures based on fees incurred for things such as appraisals and tax service.

For example, the Florida title company will verify the amount of property taxes and confirm that payment is current. They will also calculate the portion of those taxes that will be due from the new buyer at closing.

Issuing Title Insurance

The purpose of title insurance is to protect all parties in the case a dispute over ownership of the property arises. Our title insurance company issues an insurance policy to cover the new buyer in case of any type of dispute. If a dispute does arise, the insurance policy will reimburse the new owners for the legal fees they incur to resolve the dispute. If the new owners lose the house, that loss will also be covered.

As a Florida title company, we know we are a critical part of the closing on the home purchase. If you are looking for a title company in Florida, we would love to earn your trust and business. We close fast, at your location and on your time.