Real estate closing procedure in Florida – Orange Movers Miami

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Real Estate closing checklist typical florida real estate closings follow these basic steps: After both the buyer and seller have signed a purchase and sale contract and the initial escrow deposit has been made, the lender or the buyer’s real estate agent will submit a request for title to the buyer’s attorney.

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Understanding the Closing Process. Next, the buyer or their lender will request a title from the real estate closing agent who is handling the transaction. In Florida, either a title company or real estate attorney can act as the escrow closing agent, and it is up to the buyer to decide who will fulfill this role.

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Often, real estate professionals (agents, brokers) act as escrow agents in Florida residential real estate sales. One of the most common problems with escrow accounts in Florida is a discrepancy that occurs between the money entrusted to the real estate agent and the money that actually goes into their real estate broker’s account.

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Real Estate Closing Procedures in Florida. The lender and Title Company will make arrangements for the property appraisal and survey. The Buyer will be provided a copy of the Title Commitment Letter and will make arrangements for homeowner’s (hazard) insurance, and arrange for the insurance agent to talk with the closing officer at the title company or closing attorney’s office.