Countdown Title – Frequently Asked Questions
What does a title company do in Florida?
A title company like Countdown Title handles title searches, issues title insurance, prepares settlement statements, manages the escrow process, and facilitates closings to ensure a secure and legal transfer of property ownership.
Is title insurance required in Florida?
While not legally required for buyers, most lenders require lender’s title insurance. An owner’s policy is optional but strongly recommended to protect your ownership rights from future claims or hidden title issues.
Who chooses the title company in Brevard County, Florida?
In Brevard County, it is customary for the buyer to choose the title company, but this is negotiable between the buyer and seller and should be stated in the purchase contract.
Who pays for title insurance in Brevard County?
Typically, the buyer pays for both the owner’s and lender’s title insurance policies in Brevard County. However, the cost can be negotiated and may vary by contract terms.
How long does a title search take in Brevard County?
Most title searches are completed within 3–5 business days. Complex property histories may take longer, but our local expertise helps ensure a smooth and timely process.
What is a title commitment and why is it important in Florida?
A title commitment is a formal promise to issue a title insurance policy once specific conditions are met. It gives all parties visibility into the property’s title history and outlines any defects or exceptions that must be addressed before closing.
What is included in closing costs in Florida?
Closing costs may include title insurance, recording fees, settlement charges, property taxes, lender fees, and documentary stamp taxes. Countdown Title provides a detailed settlement statement so you know exactly what you’re paying.
Are remote closings allowed in Florida?
Yes! Florida allows remote online notarizations (RON) and virtual closings. Countdown Title offers both remote and mobile closing services throughout Brevard County.
What are documentary stamp taxes, and who pays them in Brevard County?
Doc stamp taxes are state taxes on real estate transfers. In Brevard County, the seller typically pays the deed transfer tax, while the buyer may pay the mortgage doc stamp (if financing).
When does funding occur in a Florida closing?
Funding happens after all documents are signed and the lender reviews and approves the package. Once funds are wired to the title company, Countdown Title disburses payments to the appropriate parties.
When is a property officially transferred to the buyer in Florida?
Ownership officially transfers when the deed is recorded with the Brevard County Clerk of Court. Countdown Title aims to record within 24 business hours of funding to ensure fast and secure ownership transfer.
What is an encumbrance on a property title?
An encumbrance is any claim, lien, easement, or restriction that affects the title to the property. These must be reviewed and, in some cases, cleared before closing.
Do I need a title search if I’m paying cash?
Yes, a title search is highly recommended even in cash transactions. It verifies legal ownership, uncovers liens, and helps avoid future title disputes. Most buyers also choose to purchase owner’s title insurance for added protection.
What’s the difference between a Closing Disclosure (CD) and an ALTA Settlement Statement?
A CD is a federally required document for financed transactions and is issued by the lender. An ALTA Settlement Statement is an industry-standard form that breaks down all fees and charges for buyers and sellers.
Can Countdown Title work with any lender or real estate agent?
Yes! Countdown Title is independent and works with all real estate professionals, mortgage lenders, and brokers in Florida. We’re here to support a smooth closing no matter who you’re working with.
What happens if a title issue is found before closing?
Our team will work to resolve it immediately. This could involve paying off a lien, getting missing signatures, or correcting recording errors. We keep you informed and aim to clear the issue without delaying closing.
How much does title insurance cost in Florida?
Florida uses promulgated rates based on the property’s sale price. For example, the cost of title insurance on a $250,000 home would be calculated using Florida’s standardized formula. Ask us for an instant quote!
Is the title insurance premium a recurring fee?
No. Title insurance is a one-time payment made at closing—there are no monthly or annual premiums.
How can I prepare for closing day as a buyer in Brevard County?
Be sure to bring a government-issued ID, wire transfer instructions (if applicable), and review your closing documents ahead of time. Countdown Title will send you a checklist to keep the process smooth and stress-free.
Does Countdown Title offer same-day recordings in Brevard County?
Yes! We aim to record your deed and mortgage with the Brevard County Clerk’s Office within 24 hours of funding—often the same day—ensuring timely ownership transfer and lien protection.