For Sellers

Selling a home or other real estate can be a satisfying experience. By selecting Contemporary Title and Escrow to handle the closing you are ensuring a smooth process.  We have successfully closed transactions throughout the entire State of Florida.  As a seller, you can control the process by purchasing the title insurance policy and providing it to the buyer for added protection. 

In addition, if you are purchasing a property in conjunction with selling another, we can assist in a smooth transition.  We can hold escrow deposits, wire funds, electronically record courthouse records, and conduct back-to-back closings.  We take the process from contract to closing, keeping you informed you the entire way. 

ANSWER THESE QUESTIONS TO ENSURE A SMOOTH CLOSING
  • Do you have a prior title insurance policy?
  • Provide mortgage information currently on the property (loan numbers, etc.)
  • What is your marital status?  All parties may be required to sign.
  • Is this a mail-away closing?
  • Are you providing additional insurance? (ie. homebuyer protection program)
  • Was this a foreign investment property?
  • Do you have a HOA and the contact information?
  • Do you have a Power of Attorney?
  • Do you have any outstanding judgments?
  • Do you have an IRS lien?

For Buyers

Purchasing a home is an exciting point in anyone’s life.  At Contemporary Title and Escrow we will assist you, your realtor and mortgage lender to create a smooth home buying experience. If you have any questions don’t hesitate in contacting our office to walk you from the contract to receiving your first keys.

COMMON QUESTIONS FOR FIRST-TIME HOMEBUYERS

What is title insurance and why do I need it?

A title insurance policy protects the policyholder from disputes over ownership. By obtaining a title insurance Owner’s Policy you are protected against loss or title threats unbeknownst when the property is conveyed per the terms of the policy.

Why should I buy instead of rent?

Buying a home is an investment in your future.  Not only does it provide accommodation, it also instills a sense of pride.  By investing in your own property each payment made reduces the principal balance of the mortgage.  Over time, you property can be paid off leaving you with a transferable asset. 

Should I use a Real Estate agent? How do I find a good one?

Yes, a good real estate professional will assist in presenting properties that meet your specific needs.  In addition, they have a proven list of successful lenders, inspectors, and home insurance agents external of your personal research.  At Contemporary Title and Escrow, we work closely with talented real estate professionals daily.  If you need assistance in locating the right Real Estate agent, just let us know.

Need more information?  Follow these helpful links.

GRANTS

Federal, state and local governmental agencies have programs to assist people who need help purchasing a home.  These programs come in the form of down payment assistance, lower interest rates, and helping with closing cost.  If you are looking for assistance in obtaining your home, you may qualify under different forms of grants. Contemporary Title and Escrow is well versed in closing grant assisted governmental loans. 

DOs and DON'Ts When Purchasing or Refinancing Your Home

Do continue making your mortgage or rent payments

  • Remember, you're trying to buy or refinance your home - one of the first places a lender looks for responsible patterns is at your current rent and/ loan history.
  • Even if you plan on closing in the middle of the month, or if you've already given notice, continue paying that rent until you've signed your final loan documents. It's always better to be safe than sorry.

Do stay current on all accounts

  • Much like the first item, the same goes for your other types of accounts (student loans, credit cards and etc.)
  • Nothing can derail a loan approval faster than a late payment coming in the middle of the loan process.

DON'T make a major purchase (car, boat, big screen TV and etc....)

  • This one gets borrowers in trouble more than any other item. This can hurt your loan and even get it declined. A simple tip: wait until the loan is closed before buying that new car, boat or TV.
DON'T buy any furniture
  • This is similar to the previous, but deserves its own category as it gets many borrowers in trouble (especially First Time Home Buyers.) Remember, you'll have plenty of time to decorate your new home (or spend on your line of credit) AFTER the loan closes.
DON'T open a new credit card
  • Opening a new credit card dings your credit by adding an additional inquiry to your score and it may change the mix of credit types within your report. Both of these can have a negative impact on your score and could result in a denial if things are already tight.

Contemporarytitle is a Limited Liability Co.