WHAT IS THE PROCESS FOR A FLORIDA REAL ESTATE CLOSING?

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Typical Florida Real Estate Closings Follow a Basic Timeline:

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• Find your gorgeous new home, office, rental or investment process (or you are refinancing one you already own)

• Execute a signed purchase agreement and deposit the escrow into Champion Title & Closing

• In Florida, the Seller normally chooses the title company

• After execution of the contract, the title company gets to work securing all the necessary information needed to ensure a smooth and effortless closing; including submitting the support for clean title.

• Champion Title & Closing will order tax information, loan payoff statements, surveys, and homeowner or condominium association estoppel letters.

• Champion Title & Closing will execute a title search of the public records in the county where the property is located. These records search include, mortgages, lis pendens, judgments, easements, restrictive covenants, liens, divorce settlements, and any recorded documents that might affect the title to the property.

• The Buyer and Seller will be notified of any issues securing a clean title; giving time to clear them and move forward with the closing.

• Upon receipt of clean title, Champion Title & Closing will draft all the necessary documents, including the closing statement, HUD, deed of sale, bill of sale and any other necessary documents.

• When all the closing documents have been approved, the closing is scheduled.

• Champion Title & Closing have two locations for execution of closing at no additional charge. We also offer mobile closing for a nominal fee at your convenience.

• Being attorney managed, your closing is explained and overseen by an attorney; answering all your questions.

• All documents are executed; seller and buyer executing a multitude of different documents either at the same time or all in one day.

• In conclusion, any parties owed funds are paid and the proper recordings are executed.

 

YOU NOW OWN YOUR BEAUTIFUL NEW PROPERTY!