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About Us
North Florida Trust and Title Services is a leading title insurance company dedicated to meeting the title insurance and closing requirements of the real estate industry. A trusted entity with over 20 years of excellence in providing title insurance and overseeing real estate closings in North Central Florida. North Florida Title and Trust Services is committed to maintaining a superior standard of service.
Our commitment to exceptional service remains unwavering in the face of the dynamic real estate market. While the industry evolves, our dedication to customer satisfaction remains a constant benchmark. We continually invest in cutting-edge technology to enhance accuracy and efficiency, ensuring optimal outcomes for our clients. Backed by robust legal resources, we uphold the highest integrity in our transactions, fulfilling our pledge to transparent and honest dealings.
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Protect your investment with our comprehensive title services – contact us today!
Ensure your property is secure with a complete title search
North Florida Title and Trust Services places the utmost importance on our existing and prospective customers. They are essential to our existence, shaping us into a reliable, courteous, accurate, and highly service-oriented entity. Acknowledging the value of customer input, we adeptly incorporate their innovative ideas and constructive criticism.
Integrity is paramount in all our transactions. We steadfastly adhere to and comply with all legal regulations. Our commitment to values and standards remains unwavering, and we do not compromise them for financial gains.
- Services handled by professionals
- Customers are most valued in our company
- Committed to protecting our clients' investment
- We aim for a stress-free closing process
News & Views
Title Talk: Conversations About Property Ownership
Title Basics 101: Simplifying Property Ownership
Smooth Transactions: Your Step-by-Step Title Guide
Frequently Asked Questions
What is title Insurance?
Although title to your property may appear to be free and clear following the title search, there may be hidden defects that can surface in the future. For instance, there may be a forged deed in the chain of title or a secret marriage, an undisclosed heir, or an invalid divorce. In any of these situations there may be one or more people who have a claim against your title. These are the kinds of things your title company would be required to defend on your behalf.
The title insurance premium is a one-time premium paid at settlement when you purchase the property. Typically, there is a policy issued to the owner and one to the lender, if any. If you are borrowing money from a bank or mortgage company, the lender will require you to purchase title insurance to cover the loan amount. The owner is protected for the entire time he is in title of the property. Should a claim arise during that time period, the title insurance company would be responsible for settling the same, if it is not specifically excluded from the insurance, including payment of legal fees.
As you can see, title insurance is something you cannot afford to be without. Although the title search may show the title is free and clear, others may have a legitimate claim against your home in the future. Protect your investment with title insurance.
What does a title company do?
In preparation for issuing the title insurance policy, the title company will do a title search in the courthouse, which goes back at least 60 years. All owners in the chain of title are checked for judgments and mortgages, which will need to be cleared so the buyer is assured of a good title. All easements and restrictions are noted so the buyer is aware of what the property is subject to.
In addition, the title company makes sure that all real estate taxes and water and sewer bills are paid in full. Any open items will be paid at closing.
All documents necessary for transfer of title and financing are prepared and/or reviewed by the title company. A Closing Disclosure, ALTA Settlement Statement or HUD-I Settlement Statement is prepared for settlement.
How much will title insurance cost?
There is a one-time premium for the title insurance policy, which is based on the purchase price of the property. This premium covers the cost of two policies, one for the owner and one for the lender, if any. The policy is good for as long as you, or your heirs, own the property. It provides for coverage of legal expenses to defend a claim, as well as reimbursement in the event of a loss. The premium is included in the closing costs that you pay at the settlement. Please feel free to call us for a quote on the exact cost.
What are closing costs?
Closing costs are third party and lender expenses, over and above the price of the property. These are the fees that buyers and sellers normally incur to complete a real estate transaction and to obtain the financing needed to purchase the home. Costs incurred may include loan origination fees, discount points, appraisal fees, title searches, title insurance, surveys, taxes, deed-recording fees and credit report charges. Prepaid costs are those that recur over time, such as property taxes and homeowner’s insurance.
Origination Fees are fees charged by the bank for the creation of a loan. The buyer can opt to purchase discount points to reduce the interest rate charged by the bank.
Title Insurance protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances or defects in the title to the property.
Defects are things such as another person claiming an ownership interest, improperly recorded documents, fraud, forgery, liens, encroachments, easements and other items that are specified in the insurance policy.
Lenders often require an appraisal to obtain a mortgage and this fee would be included in total closing costs as well.
Closing costs can be paid by either the buyer or the seller. However, except for the appraisal charge, closing costs are paid at the closing table, including any required down payment funds.
Closing costs in our market (all inclusive) run approximately $2,200. There are some programs that require higher fees, (for example an extra discount fee charge because of the program). Escrows or “prepaids” are in addition to closing costs.
What happens at settlement?
All parties meet to sign necessary documents to transfer title and complete financing. The title company representative explains each document. The title company handles the collection and disbursement of all funds, including, but not limited to, payment of all open taxes, final water/sewer bills, commissions., payoff of liens and disbursement of proceeds to Seller.
What happens after settlement?
The deed and Mortgage, if any, are recorded in the courthouse. Title is checked from the date of the original search to the date of recording for any additional items. All liens are paid off and removed from record. Finally, a title insurance policy is prepared and sent to the Owner and Lender, if any, along with the original recorded documents.
