Just a decade ago, the answer to that question would have been easy. But following a high rise in the number of foreclosures, bankruptcies and short sales, the work of a Florida title search company has become more difficult. As a potential buyer of property in Florida, you should know what that could mean for you.
What is the Title?
Much like with a car, the title of a home or Florida property is a legal document showing who the owner is. Unlike with a car title, the title for a house can have a lien placed it for other debts, whether related to..
It is not uncommon when going over the closing costs with a new home buyer for them to question the need for title insurance. It usually sounds something like “if I am paying good money for a Florida title search, why do I need insurance too?” On the surface this seems like a legitimate concern, but after reading this, you will understand why.
Title insurance provides the purchaser, and the mortgage company, protection against any number of issues that may occur after ownership of real property has been transferred. Basically, for a fee, the Florida title search..
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What Does a Title Company Do for By-Owner Sellers?
Our job is to make sure the closing happens efficiently and correctly. First, we conduct a title search and order municipal lien searches, surveys, inspections, etc. The most important aspect is the title search and providing title insurance. A title search is an examination of the public records of the property's title. This helps determine whether the property is encumbered with liens or any other clouds on title. This can uncover issues such as a wife or co-owner..
Make Sure Your New House in Florida is Free and Clear Before the Closing
You made it through the house hunt and even got approved for your loan, and now you may think it is time to just sit and wait until your closing date! This is the time to start worrying about whether or not the beautiful home you already put a deposit on has a clear title. If not, your move in date is not going to happen.
Like a car, property has a title which shows you who is the owner. Unlike a car, there are a myriad of issues that can come up that will put that ownership into..