Hiring an experienced Florida real estate attorney as your closing agent adds an extra level of protection to your closing, which is just one of the benefits of choosing a real estate attorney as your closing agent instead of a title company.
Additionally, title company workers are legally barred from giving legal advice, unless they are also a licensed attorney. However, if you choose a Florida real estate attorney as your closing agent, they may be allowed to provide you with legal advice throughout the closing, depending on who they represent.
When a Florida real estate transaction involves foreign persons or entities, there are additional requirements and responsibilities that need to be addressed during the closing.
Failure to properly process these requirements could result in severe penalties. For example, if you fail to process FIRPTA matters within the allotted time, or if they are processed incorrectly, it can result in severe monetary penalties to the Buyer.
If you are the seller of a property, then you should contact an experienced Florida real estate attorney before you put your property on the market. The attorney can assist you in obtaining a title search to discover any liens, unpaid mortgages, and other clouds on the title that will need to be addressed before the property can be sold and the deed can be conveyed.
In some circumstances, there may be steps that we can take to clear these clouds before there is even a buyer for the property. This will result in a faster and smoother closing.
If you are thinking about selling your property in Florida or if you are purchasing a property in Florida from a foreign seller, then contact Boyer Law Firm, P.L. today to see how we can assist you.