[BUYING AND SELLING REAL ESTATE IN THE UNITED STATES - FLORIDA]
270
1. Sets forth the purchase price, closing costs and prorations of the transaction as debits and credits to Buyer and Seller. 2. Will usually include the financing costs for the Buyer’s loan; provided, sometimes in a commercial transaction, the Buyer’s lender will have its own, separate loan closing statement. RECORDING REAL ESTATE DOCUMENTS A. Deeds need to be witnessed by two witnesses and notarized 1. Only the Grantor signs the deed (not the grantee) 2. Regarding recording, Florida is a Notice state, i.e., last bona fide purchaser without notice who pays value has priority 3. Must record the original of the deed (cannot record copies, except with e- recording but must have original in possession) B. Other than the Deed, most other conveyance documents are not recorded; sometimes a limited liability company affidavit is recorded to evidence authority for execution of the Deed C. If the conveyance is a condominium unit which requires the approval of the condominium association, then the condominium association approval is usually recorded with the Deed
IX.
ILN Real Estate Group – Buying and Selling Real Estate Series
Made with FlippingBook Online newsletter