Ep. 116 - Summer Book Series: Exactly What to Say Part 1
About this episode
Ashley Baillio and Lauren McDermott discuss title defects and the importance of title insurance in real estate transactions in Florida.
Part of our Summer Book Series: revisiting a deep dive into one of the least glamorous but most important parts of real estate contracts. In this episode of The Principles, Ashley Ballio and Lauren McDermott tackle title defects — open or expired permits, liens, violations, and anything that could cloud a clean title transfer. Since Florida is a title state, buyers rely on title insurance to guarantee no hidden claims exist against a property. Ashley and Lauren break down how that process works, what can go wrong, and how contract language protects (or fails to protect) buyers and sellers. Show Notes Title searches and the 5-day buyer review period once evidence comes back The 30-day cure period for defects, plus up to 120-day extensions Florida Statute 153: water, sewage, and ad valorem taxes Why unpaid water bills can become a lien on your property HOA estoppels vs. city violations vs. CDD (Community Development District) assessments The "llama loophole": agricultural zoning variances and tax savings Property taxes in arrears — why new construction and long-held homes create surprise bill jumps Oil, gas, mineral, and air rights, including a real-life air rights negotiation…
More episodes of The Principals
- Ep. 118 - Summer Book Series Unreasonable Hospitality: The Real Estate Playbook Hiding in a Michelin-Starred Restaurant
- Ep. 117 - Summer Book Series- Exactly What to Say Part 2
- Ep. 115 - Summer Book Series: The 12 Week Year — Stop Making Annual Goals and Start Getting Results
- Ep. 114 - Summer Book Series: Never Split the Difference by Chris Voss — What Every Real Estate Agent Needs to Know About Negotiation
- Ep. 113 - AI vs. Realtors: What Technology Still Can't Replace
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