BRIGHT TITLE SERVICES,LLC
Broker's/Realtor's: "You Sell we Close", call us to Close and Escrow with us.
Bright Title Services
Bright Title Services is a full service title and escrow closing company located in the City of Aventura, Miami Dade County, Florida.
Managed by Richard H.Breslow (Attorney at Law) with more than 47 years of experience.
We are a boutique firm committed to customer service and satisfaction, specializing in residential and commercial transactions throughout the state of Florida.
At Bright Title Services, our mission is to provide you with a turnkey solution for all of your real estate needs, offering quality service and an atmosphere where clients are welcome to call or drop by the office and talk to our staff at any time
To contact one of our highly experienced multilingual staff either call us at 305-705-3548 or email us at info@BrightTitleServices.com
WE SPEAK ENGLISH
FIRST CLASS PROPERTIES
FIRST CLASS CLOSINGS
What is a Title Company?
Buying or selling a home is, for most people, the largest financial endeavor they will ever undertake. You need to secure the professional services of a title company to efficiently and accurately handle this complex transaction.
The title company will do an “abstract of title” which means searching the real estate records in the county where that particular piece of property is located. An abstract will (1) determine the legal owner of the property; (2) reveal any mortgages, liens, judgments, or unpaid taxes that will have to be satisfied before the property is conveyed; and (3) detail any existing easements, restrictions, or leases that affect the property.
After the abstract is completed, the title company will issue a “title opinion letter”, or if a title insurance policy is to be issued on the property, it will prepare a “Commitment of Title Insurance” to the lender and/or the prospective buyer. The title opinion letter and the title insurance commitment will each set forth all things that need to be completed and any problems that need to be corrected before the purchaser can receive“good title”. The title insurance company will complete all the necessary documents and will undertake to correct any problems. Once these things are done the parties are ready to exchange paperwork and “close” the deal.
The purpose of the closing is to sign and exchange all the documents necessary to convey title, secure the lender, and deal with collateral issues such as leases, rights-of-way, etc., and to explain in an orderly manner the costs to each party. This is done by preparing a closing statement or what is referred to in the industry as a “HUD 1”. The closing statement will include the mortgage lender’s charges, charges for preparing documents, the title company’s fees, recording costs, and the amount of the payoffs to release any existing mortgages, pro-ration of city and county taxes, real estate commission fees, survey fees, and any other costs associated with the deal.
At closing, the title company will collect the purchase money funds from the buyer and lender as well as the settlement costs from each party. With these funds, the title company then pays all of the expenses of the transaction, pays off any existing mortgages, and pays the seller the net proceeds of sale. All of this is done in accordance with the HUD 1 settlement statement.
After the closing, the title company will record the legal documents (deed, mortgage, assignments, etc.) at the county courthouse and then return the original documents to the correct party. New owners receive their deed which should be stored in a bank lock box or other secure location. The lender receives the original mortgage documents which they hold until the loan is paid in full. Once the loan is paid, the lender will “release” their lien against the property at the courthouse and will forward the original mortgage documents to the home owner. This is when the homeowner can enjoy the “burning the mortgage” ceremony.
REAL ESTATE AGENTS
We know South Florida. Working closely with Realtor we make the close happen.
Richard H. Breslow - Attorney at Law , more of 47 years of Experience as Real Estate Attorney. (Owner & Legal Counsel)
We also don’t just offer our assistance on the deals that we are doing title insurance and closing for you, we help when you need us. Whether its answering questions about a deal you couldn’t refer our way or providing seminars to your office or your team, we know what it takes for you to be successful and are entirely focused on helping you get to exactly where you want to go.
We have state-of-the-art systems and industry-leading technology platforms that provide our staff with all the tools needed to provide fast and accurate service. Additionally, our in-house attorneys have more than 47 years of combined experience and include some of the most well respected real estate lawyers in the industry.
We are proud to call most of the top real estate agents in South Florida among our loyal business partners and that’s not by accident. It’s easy to see why Bright Title Services is the best choice for the top realtors in South Florida. Experience our ‘Concierge-level’ service. Bring your clients to us for an unparalleled real estate title and closing experience. We’ll make you shine.