Understanding Your Closing

Understanding Your Closing

Understanding Your Closing

SunbeltTitle.com

WHY SUNBELT?

Experience & Expertise

For more than two decades, Sunbelt Title Agency has operated as one of Florida’s leading independent title and settlement companies. With more than 150 escrow officers, attorneys, and staff throughout Florida, our team is well-versed in the intricacies of the Florida real estate market.

Sunbelt service team members practice proactive communication and utilize phone, email, and text messaging to keep you informed of key milestones in your transaction. 1st Class Service

With over 40 locations across the state of Florida and over 47 sister companies across the Nation, our teams are available to support you and your transaction locally, nationally, and globally. Convenience

At Sunbelt Title we understand that every transaction and client is different. Our teams work to customize the closing experiences and tools used throughout the process. Client Customizations

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WHAT IS TITLE INSURANCE? Title insurance provides coverage for losses due to defects in the title which occurred prior to your ownership. It is your only protection against things such as unpaid taxes and liens, judgments against the seller, fraud or forgery on deeds and wills, missing heirs, transfers of title by a minor, or other issues that might go undetected until after closing, which could jeopardize your ownership and investment. WHY DO I NEED TITLE INSURANCE? Even though a careful examination of public records is made, there may be hidden defects in the title to your property. Some examples of these hidden defects might be fraud or forgeries on documents such as deeds and wills, missing heirs, defective deeds, clerical errors, claims arising because a married person conveyed property without his or her spouse, and transfers of title by a minor. An owner’s title insurance policy will protect and defend your investment if any title claims covered by your policy are made against your property at no additional cost to you.

Buyer & Seller Checklists

SELLER CLOSING CHECKLIST Gather the following documents prior to beginning the packing process:

Existing title policy Existing survey Loan information for each mortgage or line of credit

Lender name Loan number Lender phone number

1.

When closing is completed and funded cancel homeowner’s insurance only after the closing. Order final reading for all utilities effective the day of closing. If you are using a power of attorney, have Sunbelt Title Agency review the document ahead of time. If approved, provide the original document at closing. Bring your valid driver’s license or government issued photo ID (Military ID, Passport) and your social security number or green card to closing. If married and the property you are selling is your primary residence, your spouse must also sign documents. Obtain wire instructions from Sunbelt Title Agency if you are bringing funds to closing. Make arrangements for homeowner’s insurance as soon as possible; pay upon acceptance, especially during hurricane season. Have utilities placed in your name effective the day of closing. If you are using a power of attorney, have Sunbelt Title Agency review the document ahead of time. Your lender and Sunbelt Title Agency must approve. If approved, provide the original document at closing. Bring your valid driver’s license or government issued photo ID (Military ID, Passport) and your social security number or green card to closing. If the property will be used as your primary residence and you are obtaining a mortgage, your spouse must also sign documents. Contact Sunbelt Title Agency for wire instructions and final amount required for closing. BUYER CLOSING CHECKLIST

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BEWARE OF CYBER-FRAUD – Before wiring any funds, call the intended recipient at a number you know is valid to confirm the instructions.

Virtual Escrow Deposit Don't let your daily life get in the way of buying or selling a home. Use ZOCCAM as a time saving deposit option on your next Real Estate transaction and spend more time doing what you love with who you love.

Safe and Secure Program Make Deposits Anywhere at Anytime

Eliminate Restraints from Bank and Office Hours Decrease Liability of Handling Personal Checks Downloadable on Android and Apple Devices

The Future of Real Estate has Arrived

*Deposit is subject to check clearance requirements

Custom Closing Options

Sunbelt Title Agency offers an array of custom closing options to meet your needs, lifestyle, and preferences.

Traditional Closing Paperwork and notarization is completed in a Sunbelt office with our licensed Escrow Officer.

Documentation and notarization is completed virtually through video conferencing with a Sunbelt representative from the comfort of your home.

Valet Closing Paperwork and notarization is completed outside of a Sunbelt office at an offsite location or even curbside.

Hybrid Closing Hybrid closings mix virtual, traditional, and valet closing options to fully customize the closing experience.

Customize your closing experience with an array of closing options

Champagne Cheers

Confetti Closing

Photo Ops

Beverage & Snack Bar

Kid's Closings

Policy Premiums

60,000 65,000 70,000 75,000 80,000 85,000 90,000 95,000 100,000 105,000 110,000 115,000 120,000 125,000 130,000 135,000 140,000 145,000 150,000 155,000 160,000 165,000 170,000 175,000 180,000 185,000 190,000 195,000 200,000 205,000 210,000 215,000 220,000 225,000 230,000 235,000 240,000 245,000 250,000 Amount of Coverage

Policy Premium

255,000 260,000 265,000 270,000 275,000 280,000 285,000 290,000 295,000 300,000 305,000 310,000 315,000 320,000 325,000 330,000 335,000 340,000 345,000 350,000 355,000 360,000 365,000 370,000 375,000 380,000 385,000 390,000 395,000 400,000 425,000 450,000 475,000 500,000 525,000 550,000 575,000 600,000 625,000 Amount of Coverage

Policy Premium

650,000 675,000 700,000 725,000 750,000 775,000 800,000 825,000 850,000 875,000 900,000 925,000 950,000 975,000 Amount of Coverage 1,000,000 1,100,000 1,200,000 1,300,000 1,400,000 1,500,000 1,600,000 1,700,000 1,800,000 1,900,000 2,000,000 2,100,000 2,200,000 2,300,000 2,400,000 2,500,000 2,600,000 2,700,000 2,800,000 2,900,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000

Policy Premium

3,325 3,450 3,575 3,700 3,825 3,950 4,075 4,200 4,325 4,450 4,575 4,700 4,825 4,950 5,075 5,325 5,575 5,825 6,075 6,325 6,575 6,825 7,075 7,325 7,575 7,825 8,075 8,325 8,575 8,825 9,075 9,325 9,575 9,825

1,350 1,375 1,400 1,425 1,450 1,475 1,500 1,525 1,550 1,575 1,600 1,625 1,650 1,675 1,700 1,725 1,750 1,775 1,800 1,825 1,850 1,875 1,900 1,925 1,950 1,975 2,000 2,025 2,050 2,075 2,200 2,325 2,450 2,575 2,700 2,825 2,950 3,075 3,200

345 374 403 432 460 489 518 547 575 600 625 650 675 700 725 750 775 800 825 850 875 900 925 950 975 1000 1,025 1,050 1,075 1,100 1,125 1,150 1,175 1,200 1,225 1,250 1,275 1,300 1,325

10,075 11,325 12,575 13,825 15,075

* Policy Premium rounded to nearest whole number for ease of calculation

TITLE INSURANCE PROMULGATED PREMIUMS ARE FOR ONE POLICY OF INSURANCE AND DO NOT INCLUDE OTHER FEES AND COSTS ASSOCIATED WITH THE TRANSACTION. Rates are calculated as follows: $5.75 per thousand up to $100,000 $5.00 per thousand up to $1,000,000 $2.50 per thousand up to $5,000,000 Call Sunbelt Title Agency for a Quote Ask about a price reduction if prior title insurance policy is provided prior to closing or if other discounts apply.

We look forward to working with you!

SunbeltTitle.com