FAQs

A title company handles the closing process, performs a title search to verify ownership, issues title insurance, and ensures all paperwork and funds are correctly managed during a real estate transaction.

Title insurance protects buyers and lenders from financial loss due to issues like liens, unknown heirs, or ownership disputes that could affect the title after the purchase.

Lender’s title insurance protects the lender’s interest in the property, while owner’s title insurance protects the buyer’s investment.

Florida has regulated rates based on the property’s sale price. For example, $5.75 per $1,000 of coverage up to $100,000, and $5.00 per $1,000 above that. Most buyers pay a one-time premium at closing.

It depends on the county. In most Florida counties (with the exception of Miami-Dade, Broward and Collier), the Seller chooses. This can also be negotiated.

Typically 30 to 45 days, depending on the loan process, title search, and other due diligence steps. Cash deals can close much faster typically within 10 days.

Buyers usually need a government-issued ID and proof of insurance. Sellers should bring ID, keys, and wire instructions.

Yes, many Florida title companies offer remote closings, mobile notary services, or online notarization to accommodate out-of-state or international clients. Our office does not pass this charge along to the Buyer or Seller.

The title company works to resolve issues like liens, judgments, or incorrect deeds before closing. If unresolved, the transaction may be delayed or canceled.

Closing costs typically range from 2–5% of the purchase price and may include title insurance, recording fees, transfer taxes, and lender fees. Costs are often split between buyer and seller, depending on the contract.

No, Florida does not require an attorney for real estate closings. A licensed title company can handle the entire process, but some clients choose to hire legal counsel.

Yes, title companies and all Closers at Coastal Abstract and Title are licensed and regulated by the Florida Department of Financial Services and the Office of Insurance Regulation.

Usually 2 to 5 business days, depending on the complexity of the property history and availability of county records.

Yes, Florida title companies act as neutral third-party escrow agents to hold deposits and ensure funds are disbursed properly at closing.