How do we protect the seller?
We make sure that you receive full consideration to the extent you are due under your contract with the buyer. We make sure the buyer and his/her lender pay with pure funds, so that when you sign over the deed to your home, you can rest assured that you will receive pure funds. The deed will not be recorded in the public records until you are paid in pure funds, your mortgage is paid off, and anyone else due funds at closing is paid so that when you leave the closing table, you have no further obligations arising from your ownership of the property.
We require a federal bank wire of all buyer’s funds due at closing. Thus, we are able to expeditiously disburse your sale proceeds to you, your mortgage holder, and any others as shown on the closing statement (HUD1), and there is no need to await clearance of the buyer’s funds.
We can wire proceeds of sale to any bank account of your choosing, to your mortgage lender and/or, if needed, to the other title company handling your purchase. Whatever your unique situation requires, we get it done.
You remain the owner of your property until legal title passes. This happens only after the last document is signed, and all the funds are accounted for and ready to be disbursed to the seller’s account.
Some of the other things we do include:
Collect all applicable State of Florida transfer taxes and recording fees and deliver the documents to the Clerk of the Court. This ensures that they are made part of the county’s public land records and updated on the tax rolls by the Brevard County Property Appraiser’s Office.
Deliver copies of the executed deed and any transfer fees due to any HOA and/or condominium associations so that they can update the association records.
Report to the IRS (or not), as the law requires, under the specific circumstances of your transaction.
Prepare all other necessary closing documents. These include the warranty deed, closing affidavits, the HUD1 closing statement, any corrective deed, specific durable power of
Attorney, or other corrective work that may need to be done on the chain of title to the subject property.
Review (and, when necessary and appropriate, order and procure) a boundary survey of the property.
Maintain a digital copy of all of your closing documents that you can access. We can also provide you with a copy of these documents at any time henceforth. As a former client, you are entitled to a digital copy of your documents from our archives, and we can usually provide that within 2 business days of request. This service is offered at no additional charge to you.