Legal Question in Real Estate Law in Florida

First, you said there are 4 owners each with a 20% interest in the property, who has the other 20%? Depending on how the deed is currently written governs how the ownership is divided and what rights each owner has to the property. If there is another 20% owner make sure that you do not have to have their permission to sell.

Next, typically the final deed to be recorded does not record the breakdown you describe. If anything, the deed may record the total sales price. The purpose of the deed is to provide a record of the owner(s) of a property and usually does not require a showing of who paid what amount for the property. If there is an ownership other than equal parts then that will need to be recorded on the deed.

The deed does not guarantee any payments. It sounds like you need a contract for the sale of the interests by your siblings. There is no need to wait until the deed is recorded before the financial transaction takes place. However, you may consider having a title search done on the property just to make sure there are no liens or other encumbrances on the property. This can be done relatively inexpensively and will let you know if anyone claims any right to the property.