Title FAQ

Owner’s Title Insurance (State promulgate Rate)
Simultaneous issues of Mortgage Title Insurance
Recertification & Title Examination
Settlement/closing fee
Mortgagee required endorsement (state promulgated rate)
Documentary stamps on note
Courier fees
Prepaid Homeowners/Flood Insurance (if applicable)
Survey (if applicable)
Roof/Termite inspections
Recording fees for deed, mortgage & condominium approval.

Real estate commission
Abstracting fee
Record satisfaction
Courier fee
Lien/tax search
Documentary stamps on deed
Taxes prorated from Jan 1 to date of closing
Payoff of existing mortgages.

Real estate commission
Abstracting fee
Payoff of existing mortgages (interest in arrears)
Recording fee for satisfactions, affidavits etc.
Taxes prorated from Jan 1 to date of closing
Documentary stamps on deed
Lien/tax search
Document preparation fee if seller does not have an attorney.

Complete executed contract
Legal name, marital status address, phones numbers
Copy of Warranty Deed
Copy of Owner’s Title Insurance
Existing mortgage information
Condominium/Homeowners Association. information if applicable
Current tax bill, if available
Survey, if available.

HOW TO FILE FOR HOMESTEAD EXEMPTION

Florida’s homestead exemptions allow homeowners to reduce by $25,000 the value on which property taxes are levied. To qualify as of December 31nd. you must reside on the property and be a legal resident of the State of Florida. Applications for homestead exemption are accepted January 2nd until March 1st. If you are a new homeowner who qualifies you need to register. To register bring: social security number for all owners who reside on the property. Tax bill ordered in your name, Florida driver’s license, Florida car registration. And Florida voter registration card. If you are a non-US citizen, you must bring your resident alien card. If the title is held in trustee the trust document must be produced.

Once registered there is no need to renew the exemption.