In Real Estate: What is the Difference Between a Title and a Deed?

The Buying and Selling Process Can Seem Complicated

It is essential to have an experienced and reputable title company, such as Florida National Title, by your side and to guide you through the process of buying or selling your home. A title and deed are often confused as the same, but they are not. Read on to learn the definitions of these. [Read more…]

Closing Costs 101 – Everything You Need to Know About Closing Costs

The Closing

The mortgage process is long and tedious. After calculating a mortgage payment you can afford, obtaining a pre-approval, finding a home and getting a contract, it is finally time to close on your new home. The closing process begins when you have a sales contract. The following four to six weeks is termed ‘pending” During this time, your lender, real estate agent, title, and real estate attorney are working on getting the contract clear to close. [Read more…]

Your 10 Step-by-Step Guide to the Mortgage Application Process

The Mortgage Application Process

Buying a home is an overwhelming process. Finding the just right house can bring a feeling of excitement as you imagine raising a family and living your life in your potential forever home. That enthusiasm can quickly turn to anxiety while contemplating and navigating the mortgage process. Knowing the steps can help the process go more smoothly and quell some of the fear behind the mortgage process.

An experienced mortgage broker and real estate attorney who communicates the steps with you can also help make the process easier. [Read more…]

Open Houses That Work to Sell Homes

Open Houses

An open house takes careful planning. The stage must be set, the agent must be available with the correct marketing materials and a positive attitude. By writing an online invitation and placing inviting signage on the property, you can narrow the audience to neighbors only or broaden it to include all potential homebuyers. Providing a little food and drink can improve the attendance at open house and bring in neighbors and strangers alike.

Attracting buyers is the ultimate goal and open houses do just that. Additionally, the neighbors who know about the open house will discuss the open house amongst each other which will help spread the news that a home is up for sale. [Read more…]

12 Steps To Closing A Real Estate Deal

What is A Closing?

A Closing (also referred to as settlement) is the final step in executing a real estate transaction. The closing date is set during the negotiation phase and is usually several weeks after the offer is formally accepted. On the closing date, the ownership of the property is transferred from the seller to the buyer. [Read more…]

Six Steps Florida National Title Will Take To Get You Your Title

What Florida National Title Does For You

Real estate transactions go hand and hand with title agencies. Title companies do not often get the credit they deserve which is unfortunate since they are an essential and very important component of each and every real estate transaction. Without them, it would be difficult to become a legal homeowner. So, what does a title company such as Florida National Title Company really do?

What Florida National Title Can Do For You

When the seller and buyer come to an agreement on the purchase price of a home and it is under contract, the real estate agent will bring in Florida Title Insurance for expertise in real estate transactions. [Read more…]

7 Steps to Refinancing Your Home and Why You Need Your Title Company

What is Title Insurance

Title Insurance works like no other insurance. Medical and auto insurance require ongoing monthly payments protecting you from future health issues or auto accidents. Title insurance, on the other hand, protects you from any undiscovered past events which may cause a defect to your title or jeopardize your ownership of a property. The title insurance premium is a one time fee paid at the closing. The recorded deed is proof of legal ownership and title insurance protects this important investment. There are owner’s title insurance policies and lender’s title insurance policies protecting both the owner and the mortgage holder. Title insurance protects the owner and lender when a property is sold or financed. [Read more…]

Chapter 13 Bankruptcy and Your Title Company

Filing Chapter 13 Bankruptcy

When life deals you a bad deck of cards, you cannot win.  Your bills pile up and you face financial hardship, making your monthly mortgage payments may seem impossible. You may not know where to turn or what to do to recover financially. Filing for bankruptcy may seem like a painful alternative, but, in reality, it may be one of the most important and stress relieving decisions you will ever make.

What is Chapter 13 Bankruptcy? 

Bankruptcy is the legal process which allows financially strapped people get a “fresh start” in their financial life by taking advantage of the many benefits offered under the Bankruptcy Code [Read more…]

Probate and Property Conveyance

What is Probate?

Probate is the process by which the court supervises the marshaling of assets of a deceased person, the payment of the decedent’s just debts and funeral expenses, and the distribution of the decedent’s property to the beneficiaries.  Importantly, the probate court oversees the transfer of the decedent’s real property, often requiring a court order to authorize the conveyance.

Property Conveyance

Conveyance is the act of transferring an ownership interest in real property from one party to another. Conveyance also refers to the written instrument, such as a deed or lease that transfers legal title of a property from the seller to the buyer. [Read more…]

Clear and Marketable Titles

Clear and Marketable Titles

Clear Titles

Florida National Title will conduct a thorough search on the title of the property you are purchasing and ensure there are no hidden defects. Prior to the closing, we will retrieve records on the property to be sure the title is clear of any liens, judgments or encumbrances which affect the marketability of your title… [Read more…]