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What is a deed of trust in Florida?

A deed of trust is an agreement between a home buyer and a lender at the closing of a property. It states that the home buyer will repay the loan and that the mortgage lender will hold the legal title to the property until the loan is fully paid.

Does Florida allow deed of trust?

While the state of Florida does not require deeds of trust, the option can still be used when the goal is to provide additional protection for the finance company.

Is a trust or will better in Florida?

A trust offers more privacy as it does not go before a court and become part of the permanent court record. If you choose a revocable trust, you will have more flexibility than with a will. This flexibility is especially important when you have assets and beneficiaries outside of Florida.

What makes a deed valid in Florida?

The deed must be in writing; The deed must be signed by the transferor (the current owner) of the property or his or her duly authorized agent or representative; The deed must be signed in the presence of two witnesses, each of whom must also sign the deed.

What is a deed of trust in Florida?

A deed of trust is an agreement between a home buyer and a lender at the closing of a property. It states that the home buyer will repay the loan and that the mortgage lender will hold the legal title to the property until the loan is fully paid.

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