Summary of Closing & Escrow Procedures around the United States
This summary is merely a general reference guide. Local practices within your city or county may differ. Contact a local title company or real estate attorney for specific information. This is not intended as legal advice, but merely as a general reference guide.
FLORIDA - Title companies and attorneys handle closings. Conveyance is by warranty deed. Mortgages are the customary security instruments. ALTA policies are commonplace. Buyers pay the escrow and closing costs, while county custom determines who pays for the title insurance. Sellers pay the documentary tax. Property taxes are payable annually, but the due and delinquent dates are months apart, November 1st and April 1st.