Residential Real Estate at Miller Troiano
Why Close Your Deal With a Real Estate Attorney?
The short story is that Florida’s real estate laws are some of the most complex in the nation, and many, such as our Homestead statutes and protections can differ by county and are constantly evolving. In addition, real estate transactions usually involve large dollar amounts, so it makes sense that smart buyers and sellers want the up-to-date expertise only a real estate attorney can provide.
Welcome to Miller Troiano. We are here to help.
For more than 50 years our attorneys have represented buyers, sellers, realtors, brokers, landlords and tenants with contract reviews, title policies issued, negotiations handled and closings accomplished.
Bring us your questions on:
Real Estate Closings
Buyer Negotiations
Seller Negotiations
Title Insurance
Refinancing
Consolidation, Modification, or Extension Agreements
General Real Estate Questions
7 Things to Know About Florida Title Insurance
1. There are two kinds of Title Insurance policies and you’ll need them both.
2. Most Florida mortgage lenders require buyers to purchase a Lenders’ Title Insurance policy before a loan is made. These insurance policies protect the lender (and the homeowner) by ensuring that the legal ownership (title) of the home or property is clear and can be legally sold.
3. Lenders’ Title Insurance policy costs are set by the State and depend on the mortgage amount. Should disputes about ownership arise after the purchase, the insurance policy pays any legal fees required to settle them.
4. Unlike the car or home owner’s policy you buy to cover future problems, Lenders’ Title Insurance is designed to protect the lender from any past title issues that might come to light during or after the purchasing process. So, every time a property is bought or sold, a new Lenders’ Title Policy will be required by lenders.
5. An Owners’ Title Insurance Policy protects the new owner (buyer) from any past title issues that might come to light during or after the purchase. These policies are a standard part of most Florida contracts, though in central Florida, the seller typically purchases the policy.
6. New businesses such as Title Lock have popped up in answer to stories about homeowners whose titles have been forged and stolen because they failed to update their Owners’ Title Insurance policy.
7. Like the Lenders’ Title Insurance policy, the cost for Owners’ Title policies are set by the State and depend on the purchase or mortgage amount.
Whether you bring in your contract or have us write it, we research the chain of title to find potential problems and explain your options before you sign.
