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What to expect after your real estate title closing

On Behalf of | Jun 25, 2024 | Title Closings

Purchasing a home is a significant milestone. Therefore, understanding the stage after the title closing process can lead to a seamless transition into homeownership.

If you are a new residential property owner in Florida, what can you expect after your title closing? In addition, how can you navigate the post-closing process with knowledge and confidence?

Things to do after the closing

First, the deed must be recorded with the county where the property is. This is to provide public notice of the change in property ownership. In addition, recording a deed must meet Florida law requirements, such as including the names of the notary public, witnesses and those who prepared and executed the instrument.

After this, you should receive final documents, such as:

  • The recorded deed as your legal proof of ownership
  • The final closing disclosure, which outlines all the final terms of the loan and the closing costs
  • The title insurance policy as your protection against future title disputes

In some cases, there may be outstanding issues even after the closing. For example, if there were any liens or encumbrances on the property, the title company or firm must work to clear them.

Moving and utility setup

Meanwhile, as you prepare to move, it is vital to set up utilities in your name, such as electricity, water, gas and internet. Some utility companies may require proof of ownership before setting up a service.

Maintaining your property

Finally, as a new homeowner, you are responsible for maintaining your property. This includes paying property taxes, homeowner’s insurance and homeowners’ association fees. Failure to do so could result in liens on your property or even foreclosure.

Protecting your interests

While the title closing process may be complete, there are still necessary steps to take as a new homeowner. With legal guidance, you may ensure the fulfillment of all requirements and the protection of your interests during your transition into becoming a homeowner.