CLOSING WITH AN ATTORNEY
In Florida, it is not a requirement to hire an attorney to close a real estate transaction; however, it is highly recommended.
Title insurance premiums are based on promulgated rates set by the State of Florida; therefore, insurance rates offered to consumers are generally the same between title companies and law firms. Hiring a qualified Florida real estate lawyer to conduct a real estate closing is always beneficial, and more often the settlement/closing fees charged by an attorney are less than the rates charged by a title company.
Unlike a title company, an attorney issuing title and/or closing a real estate transaction can provide in-depth, legal explanations about the important transaction documents you are required to sign, as well as the implications of any potential title issues, defects, encumbrances, and/or restrictions.
In addition, an attorney can draft unusual and/or complicated transaction/documents that a title company may not be aware are necessary to complete the closing. An attorney is also able to more effectively work with lenders and banks in satisfying mortgages and/or liens on the subject property in order to prevent any delays in closing.
I am affiliated with Old Republic Title National Title Insurance Company and Attorneys' Title Fund Services, LLC ("The Fund"), one the highest rated underwriters in the industry. Along with providing competitively priced closing services without legal assistance, I provide both closing and legal services at one low, combined rate. Most often, fees for any legal services obtained are paid out of the closing costs, so you do not need to worry about incurring any out-of-pocket expenses.
Contact me today to learn more!