Services

Title & Closing Services

Experienced Boutique Title Company

At James Brown Law our clients experience the feel of a boutique agency while having the benefits of a major law firm. Time, care, and attention to detail are what we pride ourselves on and believe is the success of our title company & law firm. We are here to assist you with all title company services, including:

Prior to Closing
  • Conduct a title search
  • Coordinate all aspects of title services with appropriate parties
  • Prepare necessary documents
  • Schedule settlement
During Closing
  • Account for all funds
  • Review closing documents
  • Disburse all mortgage loan or sale proceeds
After Closing
  • Satisfy all lender requirements
  • Record transfer documents
  • Issue title insurance policy

Prior to Closing
  • Conduct a title search
  • Coordinate all aspects of title services with appropriate parties
  • Prepare necessary documents
  • Schedule settlement
During Closing
  • Account for all funds
  • Review closing documents
  • Disburse all mortgage loan or sale proceeds
After Closing
  • Satisfy all lender requirements
  • Record transfer documents
  • Issue title insurance policy

What is the role & responsibility of a Title Company?

The best title company in West Palm Beach will take all the worry out of your settlement. Once your Real Estate Lawyer has your file in hand, a chain of events takes place methodically and carefully ensuring a seamless experience. Step one is ensuring seller ownership of the contract or property being sold. Next is a title search. If there are any liens or judgments on the property, your title company will work to clear the title of any defects. In Closing, your title company in West Palm Beach will collect all funds from all parties and hold them in escrow. Your title company also transfers ownership and issues title insurance for both lender and buyer.

Why do I need title insurance?

If there are any unknown owners or hidden deficiencies that aren’t discoverable title insurance is the owner's protection should any issues arise after the title is found clear. Lenders will require assurance the property title is clear through the issuance of a loan policy. However, the title insurance covers the buyer while the lender's policy only covers the lender. You may think that this is unnecessary as it may seem like a rare occurrence, however, insurance is the protection of rare occurrences and what is at stake is not a nominal investment. It’s your home.

What does title insurance cover?

  • Forged deeds, releases, or wills
  • Fraud in connection with the execution of documents
  • Clerical errors in recording legal documents
  • Wills not properly probated
  • Undisclosed or missing heirs
  • Dower or curtsey rights of ex−spouses of former owners
  • Unsatisfied claims not shown on the record
  • Deeds executed under expired or false powers of attorney
  • Liens for unpaid taxes

If a title attorney acts as the Title Company in West Palm Beach or closing agent in your transaction and provides your title insurance, there will typically be no other fees involved. Hiring a real estate lawyer as your Title Company is one of the wisest decisions you can make when purchasing real estate, and James Brown Law in West Palm Beach is here to help you with all the title services you need.

Frequently Asked Questions

In Palm Beach County, Florida, it is generally the seller’s responsibility to choose the title company and cover the cost of the lender’s title insurance policy, unless the purchase agreement specifies otherwise. This means that, as a buyer, you will typically need to agree to the title company selected by the seller unless there are specific terms in the contract stating otherwise. 

As a seller in Palm Beach County, it is also crucial to choose a reputable title company, such as an attorney-based title company. Choosing an attorney-based title company provides benefits such as security, compliance, efficiency, review of fees to avoid unpleasant surprises, and timely and experienced representation.

In Florida, both buyers and sellers are responsible for various closing costs, but their obligations differ. Buyers are typically responsible for costs associated with their mortgage and property inspection, while sellers are responsible for expenses like agent commissions and taxes. Here’s a breakdown of some common closing costs for each party:

Buyer’s Expenses:

  • Loan-related fees (such as origination fees, appraisal fees, and credit report fees)
  • Home inspection fees
  • Title search and insurance fees
  • Recording fees for the mortgage and other documents
  • Escrow fees
  • Prepaid property taxes and insurance premiums

Seller’s Expenses:

  • Real estate agent commissions
  • Documentary stamp taxes on the deed
  • Title insurance premiums for the buyer
  • Any outstanding liens or judgments on the property
  • Prorated property taxes up to the date of closing
  • Home warranty, if applicable
  • Any agreed-upon repairs or credits to the buyer

A title company in Florida handles the title search and ensures the title’s ownership history is clear. They also handle other responsibilities like:

  • They handle escrow and act as a central point of coordination for the closing process. 
  • They bring together buyers, sellers, lenders, realtors, and other parties like surveyors, insurance companies, and inspectors involved in the transaction. 
  • They provide title insurance to protect buyers and lenders from potential issues. 
  • During the closing process, the title company acts as a neutral party, handling documents, funds, and ensuring proper ownership transfer. They also handle the recording of the deed.

If you are looking to hire a title company to handle your real estate transactions in Florida, James Brown Law stands ready to provide you with all the help you need.

Title company fees in Florida vary based on factors like the property’s purchase price and transaction complexity. Common charges include title search fees, title insurance premiums, settlement/closing fees, endorsement fees, and recording fees. Title company’s fees typically cost about 0.3% of the total sales price, and come in at an average amount of $1,235. 

However, it is crucial to note that costs differ among title companies, so, it will be wise to compare quotes before choosing your title company. Title companies typically provide a Closing Disclosure or Settlement Statement that details the specific fees associated with your transaction.

Title company fees in Florida vary based on factors like the property’s purchase price and transaction complexity. Common charges include title search fees, title insurance premiums, settlement/closing fees, endorsement fees, and recording fees. Title company’s fees typically cost about 0.3% of the total sales price, and come in at an average amount of $1,235. 

However, it is crucial to note that costs differ among title companies, so, it will be wise to compare quotes before choosing your title company. Title companies typically provide a Closing Disclosure or Settlement Statement that details the specific fees associated with your transaction.

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