What Does a Title Company Do in Florida? (Step-by-Step 2025)
A title company is a crucial, neutral third party in a real estate transaction. Our role is to ensure that the ownership of a property can be legally and securely transferred from the seller to the buyer. Here’s a step-by-step breakdown of what we do at $Location Title & Escrow LLC.
Step 1: Act as a Neutral Escrow Agent
The title company acts as an impartial third party, holding all funds, documents, and instructions necessary to complete the transaction. This ensures that the buyer's money is safe and the seller's property is only transferred once all contract conditions are met.
Step 2: Conduct a Thorough Title Search
We perform a comprehensive examination of public records to verify the seller's legal right to sell the property and to uncover any issues (title defects) like liens, judgments, ownership disputes, or recording errors.
Step 3: Clear Title Defects (Curative Work)
If problems are found during the search, our curative team works to resolve them. This might involve obtaining lien releases, correcting document errors, or addressing boundary discrepancies to ensure the title is clear for transfer.
Step 4: Issue Title Insurance Policies
We issue two types of title insurance policies. An Owner's Policy protects the buyer's ownership rights, and a Lender's Policy protects the mortgage lender's financial interest in the property.
Step 5: Coordinate with All Parties & Prepare for Closing
We coordinate with the buyer, seller, real estate agents, and lenders. We prepare the settlement statement (like the Closing Disclosure) detailing all costs and facilitate the scheduling of the closing.
Step 6: Conduct the Closing & Disburse Funds
We oversee the signing of all legal documents by all parties, either in person or via Remote Online Notarization (RON). Once everything is signed and the lender has funded the loan, we disburse all funds according to the settlement statement.
Step 7: Record Documents & Issue Final Policies
After the closing, we record the new deed and mortgage with the county. Then, we issue the final title insurance policies to the new owner and lender, completing the transaction.
Title Company vs. Attorney: What's the Difference?
In Florida, both can handle closings, but title companies specialize exclusively in this process, often making it more efficient and cost-effective.
Learn When to Choose a Title CompanyYour Secure Closing is Our Priority
From contract to keys, $Location Title & Escrow LLC manages every detail to ensure your transaction is smooth, secure, and successful.
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