Greetings from The Title Company of Brevard, Inc.
Serving the real estate closing, escrow and title insurance needs of Brevard County, the Space Coast, and Florida since 2005.
We guarantee that you will never pay attorney fees to The Title Company of Brevard, Inc.
Do I Need an Attorney?
The simple answer is no. In Florida, you are not required to have your own attorney to buy, sell, or refinance real estate.
Your lender cannot require you to have an attorney, but you do have the right to hire and pay for your own attorney if you wish.
The overwhelming majority of buyers and sellers on residential purchases and residential mortgage refinances close without their own direct independent legal representation. However, it is important to note that most buyers and sellers are represented by licensed Florida Realtors, who must take qualifying pre-licensing education and pass a state exam. They are also required to fulfill periodic continuing education requirements to stay current on legal, technological, and other market changes. Therefore, we strongly recommend that your retain the services of a local professional Realtor.
Does The Title Company of Brevard, Inc. Offer Legal Services?
No, as an independent title insurance agency, we do not offer or provide direct legal representation to the parties involved in the transactions that we insure. This neutral stance enables us to act in furtherance of your transaction without conflict of interest or favor to either party.
Thus, The Title Company of Brevard, Inc. uniquely offers the confidence that comes from attorney supervision of your transaction but without the associated attorney fees (unless you choose to hire your own attorney.)
What kind of transactions do we handle?
From vacant land sales to the most complicated commercial real estate transactions or multi-family assets, we’ve done just about every type of deal since closing our first deal on April 15, 2005. We handle the purchase and sale of residential homes (whether it be a personal residence or a second home,) investment property, oceanfront condominiums and mobile homes.
We also handle residential mortgage refinance, owner financing, private financing, REO / bank owned, foreclosure, deed-in-lieu of foreclosure, short sales, satisfaction mortgage, modification of mortgage, trustee / living trust, estate sales and for sale by owner. We have done it all!
What do we do?
In some ways, we are like the referee of a friendly softball game. We make sure that everyone abides by the rule book, which in our case is a combination of your contract, the law, and if you are obtaining mortgage financing, we must also meet your lender’s requirements. We coordinate all the unique circumstances of your transaction.
We handle most of the critical aspects of a real estate transaction, including:
Escrow of earnest money deposit, also known as good faith deposit funds, from the time of the initial contract execution through closing.
Preparation and review of the title search, title commitment and necessary closing documents. These include the closing statement, warranty deed, closing affidavits and the final title insurance policies (owner’s policy and lender’s policy, aka mortgagee’s policy), as well as the required or desired endorsements.
Execution and witness of the closing documents by our in-house notary team.
If you are unable to attend the closing at our offices in the Viera area of Melbourne, we handle coordination of the logistics of a remote or “mail away” closing. You will need a local notary, and we can help you find one that is familiar with closing documents.
Perhaps as important as anything we do (and definitely most important to you), we keep track of your money and make sure it is disbursed properly. The earnest money funds collected at the onset of your transaction, as well as all remaining funds, are disbursed by us upon closing.
We make sure the seller gets legitimate funds from the buyer. We make sure the buyer gets clear title in exchange for pure funds. There’s no rubber check to the seller. A clean and marketable title policy is delivered to both the buyer and buyer’s lender.
How do we protect the buyer?
If you’re a buyer, we protect you through an owner’s title insurance policy. This covers you against rival claims of third parties arising from prior owners, holders of mortgages given by the seller or prior owners, judgments and liens against the seller or prior owners, possible unknown heirs and devisees of deceased prior owners and the beneficiaries of the estate of the deceased prior owners.
We ensure that all back taxes, homeowners’ association (HOA) dues / condominium dues, municipal (city and county) liens for water utilities, code enforcement, and nuisance – all of which are potential hazards to your ownership in the property (and to your wallet) in the absence of a title insurance policy and professionally coordinated closing. We clear all of these items as needed, as merited by the the unique circumstances of your transaction, so that the buyer walks into the property with a clean slate.
How do we protect the seller?
We make sure that you receive full consideration to the extent you are due under your contract with the buyer. We make sure the buyer and his/her lender pay with pure funds, so that when you sign over the deed to your home, you can rest assured that you will receive pure funds. The deed will not be recorded in the public records until you are paid in pure funds, your mortgage is paid off, and anyone else due funds at closing is paid so that when you leave the closing table, you have no further obligations arising from your ownership of the property.
We require a federal bank wire of all buyer’s funds due at closing. Thus, we are able to expeditiously disburse your sale proceeds to you, your mortgage holder, and any others as shown on the closing statement (HUD1), and there is no need to await clearance of the buyer’s funds.
We can wire proceeds of sale to any bank account of your choosing, to your mortgage lender and/or, if needed, to the other title company handling your purchase. Whatever your unique situation requires, we get it done.
You remain the owner of your property until legal title passes. This happens only after the last document is signed, and all the funds are accounted for and ready to be disbursed to the seller’s account.
Some of the other things we do include:
Collect all applicable State of Florida transfer taxes and recording fees and deliver the documents to the Clerk of the Court. This ensures that they are made part of the county’s public land records and updated on the tax rolls by the Brevard County Property Appraiser’s Office.
Deliver copies of the executed deed and any transfer fees due to any HOA and/or condominium associations so that they can update the association records.
Report to the IRS (or not), as the law requires, under the specific circumstances of your transaction.
Prepare all other necessary closing documents. These include the warranty deed, closing affidavits, the HUD1 closing statement, any corrective deed, specific durable power of Attorney, or other corrective work that may need to be done on the chain of title to the subject property.
Review (and, when necessary and appropriate, order and procure) a boundary survey of the property.
Maintain a digital copy of all of your closing documents that you can access. We can also provide you with a copy of these documents at any time henceforth. As a former client, you are entitled to a digital copy of your documents from our archives, and we can usually provide that within 2 business days of request. This service is offered at no additional charge to you.