The fastest growing Title Company in Florida
What is the purpose of a title company?
A title company searches the public records and reviews buyer and seller details during a title examination. Once the examination is complete, we present a commitment to a title policy issued after closing. The final policy is the culmination of the examination, list of items to complete in the commitment regarding clearing of title, and reviewing documents. Alligator Title & Escrow provides escrow, title, and settlement services.
Alligator Title & Escrow acts as your title agent, responsible for clearing the title, closing on time without any errors, and providing you with an overall enjoyable closing experience. Here is the breakdown of what we are responsible for:
- Holding the earnest money deposit in an escrow account (when needed)
- Running a title search and examining the title
- Working to clear any potential title issues
- Ordering any necessary payoffs, estoppel letters, municipal lien searches, surveys, etc.
- Preparing all the required documents to clear and transfer title
- Coordinating the day and time of the closing with all parties involved in the transaction Facilitating the signing and notary of all required documents
- Recording the necessary documents after signing
- Issuing any title insurance policies through our preferred underwriter, Old Republic
- As you can gather from the list above, the title insurance company also plays a significant role in a Florida real estate transaction.
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What Does an Owner’s Policy Cover?
Owner’s title insurance protects the homeowner if someone sues and says they have a claim before the new homeowner purchasing it. When you purchase your home, you receive a document most often called a deed, which shows the seller transferred their legal ownership or “title” of their home.
An Owner’s Policy is usually issued in the amount of the real estate purchase. It is purchased for a one-time fee at closing and lasts for as long as you are interested in the property. Only an Owner’s Policy protects the buyer should a covered title problem arise from the home from before purchasing it.
What does Alligator Title & Escrow Title services include?
We work closely with buyers, sellers, real estate professionals, lenders, and industry experts to secure safe and efficient real estate transactions. Our job is to ensure that all stakeholder’s needs are met for a stress-free transaction experience. Here is a list of the services we offer, fully online, using our complete title and escrow service platform, Qualia. You can learn more on our services page.
- Title Commitments Within 24hours
- Same Day Title Search
- Escrow Services
- Title Insurance
- Buyer & Seller Representation
- Remote Closings
- Immediate Disbursement of Funds
- Real Estate Owned Closings
- Deeds, Corporate Docs, and Transfer of Property
- After-hour Assistance
- Home Purchase, Sale, and Refinance Transactions
- Foreclosure and Short Sale Assistance
- For Sale by Owner Contract Preparation
- Attorney and Experienced Agents on Staff
Once you are under contract on the house, one of the first things you will do is buy title insurance. There are two kinds of policies:
- Owner’s title insurance – to protect the buyer
- Lender’s title insurance – to protect the lender
Although you will have little involvement with the actual title search or resolution, it is essential to have title insurance. It protects the owner if a problem is discovered after the investigation is completed. Understanding the process can give you peace of mind through the home-buying experience.
Title Search and Examination
Some risks to the title include filing errors, forgeries, or undisclosed heirs, which are difficult to identify. Upon completing the search and examination, a title commitment/preliminary report is prepared, reviewed, and sent out to interested parties, including the realtor, broker, lender, attorney, seller, or purchaser.