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Builder/Developer

BUILDER/DEVELOPER TITLE SERVICES

Provider: Equitable Title

Applications: Land Acquisition Loans, Lot Takedowns, Interim Loans, New Construction Loans and Sale-Out Transactions

Target Market: Local, Regional and National Residential Builders and Real Estate Developers

Summary The Builder / Developer Title Services Division of Equitable Title Group has assembled one of the industry's most highly skilled staffs of title professionals to offer title and closing services for land acquisition loans, lot takedowns, interim loans, new construction loans and sale-out transactions. We specialize in providing these services to local, regional and national residential builders and real estate developers Builder Services

Equitable Title Group understands the challenges of today's building community and is steadfastly committed to the strategic partnerships we form with each Builder Client. These rigorous standards begin with the lot takedown closing and are upheld throughout the construction process, culminating in the sale-out closing.

The title professionals at Equitable Title Group will create and maintain a base file from each lot closing which will be updated and efficiently presented at the sale-out closing in accordance with the New Home Sales Contract.

Our closing professionals can come to the subject property or the sales trailer for the development to conduct the closing. At the conclusion of each closing, we will scan all documents that are pertinent to the transaction and copy them to a personalized CD that also contains the names of the parties that participated in the closing, most importantly, the name of their Builder. This CD can also include any additional user manuals, supplier information or other important materials that our Builder Client wants to provide to their new homeowner.

Our Builder / Developer Title Services Division can also facilitate and manage title and closing services in any jurisdiction in Florida. For builders of any size, we are confident that you will find we are uniquely qualified to manage all of your title and closing needs.

Developer Services From the acquisition of raw land to the disposition of platted lots, real estate developers face a myriad of complex issues and challenges during the development process. To begin, they must consider the delicate balance between their business goals and government constraints.

Research must be undertaken to verify land use, zoning issues and contractual obligations, as well as unique requirements, such as the existence of special tax or utility districts. A comprehensive investigation must be conducted to determine the environmental and physical condition of the real property and improvements.

Applications must be submitted and approval must be obtained for preliminary plans, rezoning and final plans for the subdivision. Complex projects may also include annexation applications.

Equitable Title Group understands the dynamics and practicalities of the real estate development process, along with the expectations of our clients, and is committed to the strategic partnerships we form with each Developer Client. Our title specialists work directly with our Developer Clients, along with their attorneys, surveyors, planners, engineers and other professional advisors.

A base file will be created from the acquisition of the raw land and will be updated and maintained as the development process is established.Our title professionals will then prepare title files for every lot so that disposition during the final sales program can be conducted accurately and efficiently.

Commercial Closing

• Commercial Closing Accept and receipt earnest money as required by the Contract of Sale
•  Review Contract of Sale for critical dates and special provisions to assist the parties in completion of time sensitive requirements 
• Provide title commitment to seller, purchaser, respective agents and attorneys 
• Review title commitment for curative matters 
• Work with seller, seller's agent and/or attorney to resolve curative issues 
• Order tax certificates for both real and personal property 
• Order payoffs for existing liens Obtain UCC financing statement search from our family of companies 
• Secure proper documentation to verify legal status and authority of business entities involved in the transaction 
• Coordinate and review all documentation through Seller's and/or Buyer's agents and/or attorneys 
• Upon receipt of loan instructions, prepare settlement statement in accordance with the terms and provisions of the Contract of Sale and additional instructions as provided by the parties 
• Coordinate closing time and place with all parties to the transaction 
• Obtain approval of settlement statement from all parties to the transaction 
• Close the transaction Review all documents for proper signatures and notarization Disburse all funds in accordance with the settlement statement and instructions of the parties
•  Transmit loan documents to the Lender Record the closing documents with the appropriate county and/or state authorities 
• Issue the Owner and Mortgagee policies of Title Insurance and necessary endorsements Resolve any post closing issues