This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
Closing Property Title With Deed In Miami-Dade
Category:
State:
Multi-State
County:
Miami-Dade
Control #:
US-00447BG
Format:
Word
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FAQ
There are four different ways to hold title in real property in Florida: (1) tenants in common; (2) joint tenancy; (3) joint tenants with right of survivorship; and (4) tenancy by the entireties.
Deed in Florida – Explaining the Concept At the closing process, both the buyer and the seller must sign the deed to settle the real estate transaction. Unlike the title, the deed is a physical document that must be kept in a safe place by the buyer.
You have three options for recording your documents in the Official Records: You can bring your original documents in person, along with the appropriate fees, and a self-addressed stamped envelope to the Miami-Dade County Courthouse. You can eRecord your document through one of our approved vendors.
A Deed. The biggest difference between a title and a deed is the physical component. A deed is an official written document declaring a person's legal ownership of a property, while a title is a legal concept that refers to ownership rights.
Lack of Proper Execution: In Florida, a deed must be signed by the Grantor(s) (commonly the seller(s)), notarized, and witnessed by two disinterested people (the notary may act as one witness). Failure to meet these formal requirements can render the deed invalid.
If properly executed, a Florida quitclaim deed usually requires two weeks to three months to be recorded. The parties involved in real estate transactions generally seek to record the deed immediately after the closing process is concluded.
Deed or official record: Original deed, warranty deed or deed of trust to the property. A utility bill dated between April 2022 and present, must also be included. Mortgage documentation: Mortgage statement, mortgage promissory note or the closing disclosure form.
In most real estate closings, the seller is responsible for providing the deed that is signed at closing. A seller can allow a buyer's attorney to prepare the deed or the seller can retain a Daytona real estate attorney to represent the seller during the real estate closing process.
You do not have to be an attorney to prepare a Florida quitclaim deed. Absent attorney fees, your costs would only be the recording fees that the county comptroller charges and transfer fees if the property is mortgaged.