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For information on your individual transaction, please contact

EastSide Title
103 N.E. 4th Street
Fort Lauderdale, FL 33301
Phone: 954.525.5644
Fax: 954.525.5799

What is a title search?

A title search is a detailed examination of the records pertaining to a particular property. The purpose of the search is to verify the seller's right to transfer ownership (title), and to discover any defects in the title.

What is title insurance?

Title Insurance protects a buyer from any defects in title, including defects that may be latent, such as fraud in the chain of title. Charges for title insurance are set by state law in Florida. Unlike other insurance premiums, a title insurance premium is paid one time only, at closing.

What is a closing?

Closing, which is also known as "settlement", is where the title to a property is transferred from seller to buyer. The closing is typically held in an attorney's office or title insurance company, and involves the completion of all the necessary paperwork to finalize the agreement between buyer and seller. In addition, all financial issues are settled at closing and once the title is successfully transferred, the necessary documents are recorded.

What are closing costs?

Closing costs are all costs required to close the real estate transaction. They can include (but are not limited to) surveying fees, property taxes, title insurance, attorney fees, real estate commission, lender fees, and the balance of the down payment. Prior to closing, you should review your final closing statement or HUD-1 Statement to ensure that all the calculations are correct and that you have been given all the credit for deposits and other agreed upon buyer and seller credits.

What is involved in closing the transaction?

After receiving a request for title insurance, EastSide Title will complete a title search, order the survey if necessary and have a lien search performed. The lien search will uncover any code enforcement or open permit issues on the property. After receiving all of this information, EastSide Title will reduce the data to a document known as the Title Insurance Commitment. This document is forwarded to the lender if any is involved, along with the survey. The survey is also forwarded to the buyer for use in obtaining insurance for the property. EastSide Title will coordinate with the lender regarding the mortgage documents necessary for closing. The lender will forward its "package" of documents to EastSide Title to be signed on the day of closing. EastSide Title will speak with all parties involved to set up a mutually agreed upon time for closing on the date specified in the contract or other date if agreed upon. If the transaction is a 1031 exchange, we will work with the 1031 Exchange Company to facilitate a smooth transaction. EastSide Title handles all aspects of the closing so that you don't have to!

At EastSide Title, your transaction is handled by an attorney who is involved in every step of the process, not just when an issue or dispute arises.

Before the day of closing, EastSide Title will prepare a closing statement and forward it to all parties in the transaction for review. The closing statement will indicate what funds are needed for completion of the closing. All prorations between the buyer and seller will appear on the closing statement. Funds needed at closing can be in the form of a cashier's check or can be wired directly from a bank.

During the closing, EastSide Title will explain all documents that are to be signed and will ensure that they are executed properly. After closing is over and the buyer and seller have left the closing table, EastSide Title's job is not finished. We will:

  • Completely review the disbursement sheet and review all documents involved
  • Assemble and return the lender's package per the lender's written instructions
  • Record the deed, deed of trust or assumption documents in the county's public records
  • Disburse all funds to appropriate parties
  • Issue the title insurance policy
  • If required, after paying off the appropriate lenders, obtain, or prepare and record all releases.

At all times before, during and after the closing, feel free to contact us if you have any questions or concerns.