The Importance of Florida Real Estate Title Searches

Searching for the perfect home can be both an exciting and stressful time. Once you find it, you want to make sure the property is legally available for sale by the current owner. That’s where title searches come in. Title searches are an important “behind the scenes” part of the real estate buying and selling process.

Why Florida Title Searches are Performed

Aside from ensuring a property is legally available for sale, a title search will uncover if there are any liens against the property or any restrictions on the use of it. It makes good sense to have a title search done for the buyer’s protection, so much so that most mortgage lenders require one before granting a loan. Title searches are a safeguard for all parties involved. So, what can you expect to find in a title search report?

What a Title Search Report Will Disclose

A title search and report will uncover important findings on the property being considered for purchase:

  • Property tax status. The report will show whether taxes have been paid for the year or not and if any back taxes are due. If they haven’t been paid yet they will likely be held in escrow and paid upon closing.
  • Current Mortgages. If the property has not been paid in full, the search will show the current mortgage(s) on the property.
  • Additional Liens. A lien is a claim or legal right against a property that must be satisfied before the transfer of ownership can take place. Aside from mortgage and tax liens, there could be HOA, contractor, spousal, and child support liens against a property.
  • Property Survey. A complete title search will include a survey of the property that includes a legal description, zoning, flood zone status, and easements. You will be able to see if there are any use restrictions or special assessments on the property.

A title search can make or break a real estate transaction. If problems are identified during a title search, they need to be resolved before proceeding to closing. If the title cannot be cleared, the sale may fall through.

A title search is a complicated and detailed process that requires expertise. The Law Office of Donna Hearne-Gousse, P.A. is an attorney-based title agency that provides title, escrow, and closing services at comparable, if not lower costs of a standard title company.

If you are in need of title services, we welcome you to fill out a title order form or contact us for more information.

The Law Office of Donna Hearne-Gousse
Royal Palm Beach, FL
(561) 582-5670

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