FAQs

Title insurance protects property owners and lenders against financial loss from title defects or claims that were not discovered in the public record prior to closing. It helps ensure that legal ownership rights are protected from issues such as liens, undisclosed heirs, or recording errors.

A title company conducts a title search, reviews public records, resolves title issues, and facilitates the preparation and issuance of title insurance. It also coordinates closing documents, handles escrow funds, and ensures proper recording of deeds and liens.

In addition to title insurance, closing costs may include recording fees, documentary stamp taxes, intangible taxes (if applicable), survey costs, lender fees, escrow-related charges, and prorations for items such as property taxes or association dues. The specific costs vary based on the transaction, loan type, and property.

Title insurance rates in Florida are regulated by the state and are based on the purchase price and loan amount. Premiums are paid once at closing and are not recurring.

A survey may be required by the lender or recommended to verify property boundaries, improvements, and potential encroachments. Survey requirements vary by lender and transaction type.

Prorations are adjustments made at closing to fairly allocate expenses such as property taxes, HOA dues, rents, or utilities between the buyer and seller based on the closing date.

You will typically receive a title commitment at closing. The final issued policy and recorded deed are usually mailed after the county recording process is completed.

An owner’s title insurance policy remains in effect for as long as you own the property. A lender’s policy lasts until the loan is satisfied.

The length of the title search and closing process can vary depending on the complexity of the transaction and any issues that arise. Standard title searches often take several business days, and closings are typically coordinated to align with contract deadlines and financing timelines.