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Getting started is simple. Contact our office or submit a request through our website, and one of our team members will walk you through the process. We’ll collect the necessary information and documents, then tailor our services to meet your closing needs.
Yes, owner’s title insurance is optional, however it provides important protections to the buyer. An owner’s title insurance policy safeguards the buyer from potential ownership disputes, liens, or legal claims that may arise after closing. While lenders typically require a lender’s title insurance policy to be issued at closing, an owner’s title insurance policy protects the buyer’s personal investment in the property. This is why a lender’s closing disclosure will always show the owner’s title insurance policy as “optional.”
In Florida, a boundary survey is required if the lender asks for one or if a Florida Form 9 endorsement is being issued with a lender’s title insurance (or “loan”) policy. A Florida Form 9 policy endorsement cannot be issued without a clear survey. On cash transactions, a survey is optional and left to the buyer’s discretion however. ACS coordinates the ordering of surveys when needed.
Yes. ACS coordinates directly with the lender to obtain written payoff statements once a signed authorization to release information form has been received from the seller. This reduces the risk of fraud compared to relying on statements provided by the sellers. We handle ordering the payoff statement and updates as needed until the closing is complete.
ACS assists with preparing standard closing documents such as the deed, bill of sale, seller and buyer affidavits, non-foreign certification, and 1099s statements. In addition, ACS can prepare other documents that may be required by the title commitment, including affidavits, terminations, quit claim deeds, and more, to ensure every closing is complete and compliant.
ACS takes care of preparing and filing IRS Forms 1099-S for its clients each year. This ensures that real estate transactions are properly reported and compliant with Federal guidelines, saving our clients time and reducing the risk of errors.
Yes. ACS orders the title commitment products through your preferred underwriter’s platform. We can be connected to your account by being added as an additional user. Please contact our office for details on how to set up this connection with your particular underwriter.
Our fees are typically included on the settlement statement and collected at closing, as a “third party processing fee”. However, we can also be paid outside of the closing. Our bill is issued on the day of closing.
ACS monitors changes in real estate laws, compliance requirements, and market trends. We share timely updates with our clients to help them stay informed and confident throughout the closing process. Below are some helpful resources.
Below is a link to The Funds up to date FINCEN resource page: https://www.thefund.com/resources/fincen-reporting
Below is a link to The Fund’s News and Publications page:
https://www.thefund.com/news
Below is a link ALTA‘s News and Publications:
https://www.alta.org/news-and-publications/
Below is a link to FLTA’s News and Publications
https://www.flta.org/industry-news/
ACS assigns a dedicated team member to each file, so you’ll always know who to contact with questions. We keep clients informed at every stage of the transaction, and you can expect clear, prompt updates until the closing is finalized.