Title, Escrow, and Closing Services – Jones Health Law, P.A.

We offer Title, Escrow, and Closing services for residential and commercial real estate investors via GenWealth Title, a division of Jones Health Law, P.A. We want to help our clients achieve the American Dream and obtain financial independence through ownership in real estate.

Many of our healthcare practitioners and facility clients acquire real estate for professional and personal use. Our goal is to facilitate those real estate transactions by offering Title, Escrow, and Closing Services at an affordable rate. You do not have to be a healthcare professional to utilize our Title, Escrow, and Closing Services…we service everyone! You will find that we offer very competitive rates and you can feel a significant level of comfort knowing that an attorney-owned Title Insurance company is helping you close on your real estate purchase. Whether you are new to real estate or an experienced purchaser we perform the due diligence necessary to bring you to the closing table. Our employees are knowledgeable, efficient, friendly, and accessible when you need them the most.

Common terms and definitions

What is Title Insurance?

Title insurance insures owners of real property, or lenders using real property as collateral, against loss arising out of defective or invalid titles and the existence of other liens or other legal claims against titles to real property. Title insurance can provide similar coverage regarding personal property.

What is Escrow?

“Escrow” or “to place in escrow” means the delivery or deposit of money or documents to a third party, the escrow holder, to be held and disbursed by such escrow holder until they are given authorization to release those funds to the receiving party.

If the buyer of a one-family or two-family residential dwelling unit does not waive the right to have deposits placed in an escrow account, the building contractor or developer shall place the funds (up to 10 percent of the purchase price) in an escrow account. The account shall be clearly denoted on the records of the escrow holder as an escrow account. All withdrawals from the account shall require the signatures of both the building contractor or developer and the buyer or the buyer’s agent, unless other arrangements are made to comply with Florida law.

What is a Closing?

“Closing” means that point in time at which legal title to the real estate transfers from seller thereof to purchaser.

At closing, the seller will sign documents that transfer the property ownership over to you. You will receive documents pertaining to your mortgage agreement and property ownership. You’ll also have to pay closing costs and make escrow payments. Some of the real estate transfer documents you’ll receive and sign at closing may include:

A deed, which transfers the property from seller to buyer
A bill of sales, which transfers personal property from seller to buyer
Transfer tax declarations

Some of the mortgage loan documents you’ll receive and sign at closing may include:

A mortgage note, which is your promise to your lender to repay your loan
A mortgage, which is the agreement that puts the property as collateral should you become unable to repay your loan
A loan application, which you’ll review for accuracy
A loan estimate and closing disclosure