Should I use An Attorney Rather Than A Title Company For Closing?

In Florida, both, attorneys and title companies, may issue title insurance.  In contrast, in some states, like Delaware, only attorneys may issue title insurance.  The title insurance rates are promulgated by the Department of Insurance so title insurance obtained through an attorney is priced the same as from a title company.  In addition, closing costs charged by an attorney acting as a closing agent are comparable to those charged by a title company.  With that said, what is the difference using an attorney rather than a title company for closing?

1. When using an attorney as the closing agent, the client has legal representation throughout the transaction, from contract negotiations through closing.  In contrast, a title company’s role is solely limited to preparing basic form documents necessary to issue a title insurance policy in connection with the closing.  A title company cannot provide legal advice, input, or guidance.

2. Although real…

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