WHAT IS TITLE INSURANCE?
Unfortunately, even the most thorough review of public records may not disclose the rights of someone else to your property. Title insurance protects you from an endless array of possibilities such as defective deeds, homestead rights, easements, and encroachments.
WHAT IS THE COST OF TITLE INSURANCE?
A one time insurance premium is based on the sales price of the home according to rates promulgated in the Florida Administrative Code. Under Florida law, you are entitled to a significant discount on your premium if a prior policy was issued within 3 years of closing.
WHAT IS THE COST OF CLOSING SERVICES?
J. Black Title Company charges a flat fee of $325 per side for closing related services. A third party specialist typically performs the title search for approximately $125. Both of these fees may be higher for short sales due to the increased time, expense, and risks associated with closing.
WHAT ARE THE OTHER CLOSING COSTS?
There are a number of other closing costs for buyers and sellers including lender charges, recording fees, and transfer taxes. Your sales contract determines which party pays for which closing costs. Call now to obtain a complimentary closing cost estimate. |
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