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- Refinance Services
- Short Sale Services
- Real Estate Closing Services
- Butler Discounts
- Full Credits for present Owner Policy
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| Mortgage Refinance and Modification |
Melbourne Beach Title Agency is a full service title agency for all your residential and commercial real estate needs.
Melbourne Beach Title Agency is staffed by a licensed Florida real estate attorney with over 35 years experience in title and real estate law |
| Short Sale Title services and closings |
We provide assistance to your Broker to complete all necessary documentation for Bank approval |
| Real Estate closings |
| From Escrow deposits to paying off existing mortgages and liens, we provide all detailed and complete closing services and issuance of Title Insurance. |
| Escrow |
| As bonded and licensed by the State of Florida, we act as official Escrow Agents to hold all deposits in Federally insured institution with $250,000 insurance coverage |
Present Owners Title Policy |
| When you purchased your property, you most likely received a Title Insurance policy from the Title Agent that did your closing. At Melbourne Beach Title Agency (MBTA) we honor your present policy and give you full Reissue Credit if available |
“Butler”Discounts: |
| Depending upon the amount of title insurance you are purchasing, which is based upon the sales price, we can even further discount the standard insurance premium issued by the State of Florida. |
Convenient Location: |
| Our location for the last 5 years has been on the first floor of the Petty Building, the Cooper-Topped office building located just south of New England Eatery. We are 4 miles south of Publix shopping center. |
Mail-Away: |
If you are not in the area, all documents may be mailed to you or the other party for closings or refinance without extra charge. This is convenient if you are on vacation or away from the area during a closing or refinance. |
SPECIAL SERVICES: |
We have the resources available to help you with all your residential and commercial real estate needs including.
- Tax Sales
- Quiet Title
- Easements
- 1031 Tax Exchange
- Foreclosures
- Short Sales
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CLOSING COSTS: |
With a refinance or title closing, these are closing costs:
1. TITLE CHARGES
Title search report $75
Settlement Charge $250
Insurance Premium (amt of insurance policy)
Less: Refinance reissue credit
Less: Seller reissue credit
Less: MBTA Discounts
Total Net Title Cost |
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2. COUNTY DOCUMENTARY TAXES/STAMPS:
Mortgage is $0.20 per $100.00 paid by Buyer
EX: Mortgage for $200,000 :100 = 2000 x .20= $400
Promisory Note is $0.35 per $100.00 paid by Buyer
Ex: Note for $200,000 : $100 = 2000 x .35 = $700
Deed is $0.70 per $100.00 paid by Seller
Ex: Deed for $240,000 : $100 =2000 x .70 = $1400 |
3. RECORDING FEES:
County charges vary but most are $10.50 for First page and $8.50 for each additional page. Most recording fees are paid by Buyer or Owner if refinance |
WHO PAYS:
In most of Florida, the Seller pays for the Title Insurance and the search and settlement charges. Also, the Seller pays the Documentary Stamps on the Deed. The Buyer pays the recording fees and the Documentary Stamps on the Note and Mortgage. |
