Welcome to Providence Title Company
Providence Title Company is a full-service real estate title insurance company. We strive to go beyond your expectations with our professionalism and first-class customer service for your residential or commercial closing needs. With nearly fifty years of combined experience in real estate and title insurance, Providence Title Company’s team can handle the closing of just about any real estate transaction from routine to complex and is here to guide you
through the entire process to ensure that your closing is as smooth as possible. Our clients don’t typically come to us to “lawyer up”, they come to us because they know that they can trust us to close their real estate deals competently, fairly, efficiently, and affordably. We know that you have many choices of title and closing agent, which means that we’ll never take you for granted and will work hard to earn your business and show you how much we value you and your transactions.
ABOUT US
Our Team
We aren’t just dotting every “i” and crossing every “t”, we are an old-fashioned (but modern) service-based company and do our best to get to know the people involved in the transactions we handle and explore their motivations and objectives in order to understand how to best serve them and keep their interests protected. Our staff includes a full-time on-staff real estate attorney whose main focus is the commercial and vacant land side of the real estate industry, and a real estate closer and title examiner with over thirty years in the title insurance industry, who has closed thousands of home sales and purchases.
Brian Block
Brian was admitted to the Florida Bar since 2000 and is a third-generation real estate professional. Having successfully negotiated the acquisition of over 14,000 acres of beautiful, wild Florida real estate for conservation, he has dealt with just about every facet of the vacant land acquisition process, effectively handling many diverse, complex, and often novel legal issues. Brian’s optimistic and solution-oriented attitude proved to make him an adept and tenacious problem-solver in handling the vacant land and commercial deals he’s been involved in and he has handled hundreds of commercial closings throughout the state, with equal experience on the buyer’s side and on the seller’s side. Brian is ready and able to assist in any matters that might arise in the course of your transaction’s progress and can shepherd your commercial deal toward a successful closing with the utmost in efficiency and care.
WHAT WE DO
CONSTRUCTION
COMMERCIAL
RESIDENTIAL
VACANT LAND
FAQ
What is title insurance?
Title Insurance usually consists of the Owner’s Title Policy (to protect the purchaser) and the Lender’s Title Policy (to protect the lender). Post-closing title disputes can arise from many types of liens and other title defects, and could potentially jeopardize your ownership in your real estate and the financial investment you have made in obtaining it. Title Insurance protects you from potentially losing your real estate (and down payment) if a pre-existing claim or lien against the land or a prior owner is discovered after you have closed. A title search should reveal all such matters, and when they are properly dealt with prior to your closing, your title insurance policy protects you from anything affecting the property that the title insurance underwriter or agent failed to discover or which was known (or should have been known) by your seller, but was not disclosed and was not made a matter of public record.
Why do the purchaser’s need title insurance?
a) Title Insurance will provide the purchaser of a new home or other real estate peace of mind that in knowing that should any unforeseen claim arise, that the insured would have protection from the total loss of their home and/or total financial ruin.
b) Cost of the owner’s title insurance policy is an inexpensive way to protect your home or other real estate interest since your lender usually requires a lender’s policy as a condition to loan you the money to purchase your property and the title search has already been completed on your property.
What is the title company responsible for?
The title company is responsible for reviewing all the documents related to ownership of the property and verifying that everything is in order before real estate transactions move forward to closing. They review and examine the title search, obtain any documents necessary in order to issue the title insurance policies, facilitate and conduct the closing, record the deed and any other recordable documents, and issue the title policies.
How will the purchaser know what my closing costs are when a lender is involved?
a) Loan Estimates: this is a form designed to provide disclosures to help borrowers understand the key features, costs, and risks of the mortgage loan for which they are applying. Initial disclosures are to be given to the borrower by their lender no less than three business days after application.
b) Closing Disclosure (CD): this is a form designed to provide disclosures to help borrowers understand all costs to be paid to close the transaction, which is also to be given to the consumer no less than three business days before closing.
What other closing costs and fees will I have to pay?
As dictated and required by your specific lender, typical costs and fees the borrower is responsible for paying (some of which may be partially or fully paid for the seller, depending on your contract) include:
• Home Inspections (pest, water test, well and septic)
• Appraisal Fee
• Credit Report Fee
• Survey and Flood Certification
• Title Search and Title Insurance Policies.
• Closing and/or Settlement Fee
• Recording Fees
• Transfer Taxes (Doc stamps on Deed and Doc and Intangible Tax on Mortgage)
What are lenders charges and fees?
a) Origination Fees are assessed by your lender and with the actual processing of your mortgage. This Fee usually includes service fees, application fees and administrative fees that will not be shown as separate line items. If your loan is presented as a no fee loan, then there shouldn’t be an origination fee.
b) Points or Discount Fees is the amount that you are paying to lower your interest rate, or sometimes the Points are a credit that you might take for a higher interest rate (this Point Credit is usually given when the lender is charging a higher interest rate).
c) Escrow and Prepaids are expenses that are paid up front such as your Homeowners Insurance which will cover the lender for the first year of the mortgage, Taxes and Insurance Escrow will also be collected based on one-twelfth of the estimated future payments due for the homeowner’s insurance and taxes.
d) Daily Interest Charges is the interest due to the lender from the closing date until your first payment to the lender.
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Interested in joining the Providence Title Company team? CLICK HERE to view our current open positions.