Tampa In-House Title Services Attorney
Closing a real estate deal in Florida requires a strong grasp of various legal details. Perhaps the most important detail is ensuring the title to the property is free and clear of any potential issues. This is why all parties to a real estate transaction–buyers, sellers, mortgage lender, et al.–usually work with a third party known as a title company to oversee the process.
At the Seward Law Office, our Tampa in-house title services attorney brings over 20 years of experience to the real estate closing process. We can provide you with a full range of title, escrow, and other closing services for any residential or commercial real estate transaction. Our goal is to make sure your transaction is closed on-time and with a minimum of legal fuss.
The Importance of Working with a Florida Title & Escrow Services Company
Before purchasing any real property in Florida, it is important to conduct a proper title search first. Title to a property is considered “clear” if there are no defects or liens that could affect the buyer’s ownership rights after the sale closes. A title services company reviews all available public records with respect to the property. This can determine whether or not there are any legal actions such as a foreclosure, property lien, or unpaid taxes. If there is an issue, an attorney can help you in resolving the matter, such as negotiating payment of any back taxes or liens.
Another key function of a title services company is acquiring title insurance for the property. Title insurance is designed to protect lenders and buyers from any financial loss arising from a potential defect in title to the property. If you are taking out a mortgage loan to purchase a home, for example, the lender will usually require you to pay for title insurance to protect the equity interest backing the loan. A title services attorney can prepare and submit the necessary paperwork to obtain title insurance from a third-party underwriting company.
Title services also cover escrow. This means the title services attorney will hold any money, deeds, or documents necessary to complete the closing of the transaction. These items can only be released from escrow based on written instructions provided by the buyer, seller, or lender. Finally, once all the paperwork is signed and the deal has been closed, a title services attorney can record the deed together with any mortgage documents with the appropriate county officials.
Contact Seward Law Today
Even a “simple” real estate deal can involve a lot of moving parts. That is why it is essential to do everything by the book. By working with an experienced Tampa in-house title services attorney, you can ensure that no step is missed in the closing process.
So whether this is your first time purchasing a home, or you are an experienced buyer looking to acquire a commercial property, we can help. Contact the Seward Law Office today to schedule an initial consultation with our Florida real estate law team.