Beginning on September 2, 2014, all title insurance agencies licensed in Florida will begin collecting a “Statutory Surcharge” of $3.28 from the party responsible for paying the title insurance premium on the Settlement Statement. This surcharge will be payable to the underwriter and is not split with the agent. This surcharge is the result of two title insurance underwriters going out of business and their […]
Short Sale Delays, Misconceptions, and The Truth-Part 1
This is a guest blog post from Michelle Schaefferkoetter at Stewart Title in St. Petersburg, Fl There are so many misconceptions about selling your home as a short sale these days, so I reached out to Michelle at Stewart Title to give our readers an insight on how the Short Sale process works and what you […]
What Is Title Insurance and Who Pays It?
Title Insurance companies in Florida investigate the title to a property at the time it changes ownership to identify any title issues and clear them up before the transfer takes place. Because of the work title agents do, real estate transactions are made transparent which gives buyers confidence in the transaction. Without transparency, risk would […]