A title company in Florida plays a crucial role in real estate transactions. Here’s a summary of its functions:

🏢 Primary Functions of a Title Company in Florida

1. Title Search
   • Examines public records to verify the legal ownership of the property.
   • Identifies any liens, encumbrances, or legal issues that may affect the title.
2. Title Insurance
   • Issues Owner’s Title Insurance to protect the buyer.
   • Issues Lender’s Title Insurance to protect the mortgage lender.
   • Protects against undiscovered title defects, fraud, or legal claims.
3. Escrow Services
   • Acts as a neutral third party to hold funds (earnest money, down payment, etc.) until closing conditions are met.
4. Closing Agent
   • Prepares closing documents such as the deed, closing disclosure, and affidavits.
   • Coordinates signing appointments with all parties.
   • Ensures all documents are properly executed and notarized.
5. Funds Disbursement
   • Collects and distributes funds according to the settlement statement.
   • Pays off existing mortgages, real estate commissions, and other closing costs.
6. Recording Legal Documents
   • Files the deed and mortgage with the appropriate county recorder’s office to make the transaction official.
7. Legal Compliance
   • Ensures the transaction complies with Florida real estate laws, including the Homestead Act, documentary stamp taxes, and FIRPTA (when applicable).

✅ Summary

A Florida title company ensures the legal transfer of property, provides insurance against title defects, and manages the financial and document logistics of a real estate closing. Their work protects both buyers and lenders from future legal issues.