What Happens If Your Florida Home Title is Contested?
Home closings are lengthy ordeals which typically end with a hurt wrist from signing all of the documents, and a feeling of pride for the “Warranty Deed” that now contains your name. This document looks legitimate, with all I’s dotted and T’s crossed. There is your name, stating you as the owner forever in a legal document that is reassuring. Everything seems so legit, making you wonder what was all that fuss about title searches and insurance?
There was a very good reason why the..
Condominium Titles in Florida
Condominium ownership in Florida covers a large number of different types of dwellings including townhomes, duplexes and in some cases, apartments. One element is always consistent though: the principles of property ownership in Florida apply to all.
When an individual purchases a condominium unit, you are acquiring complete ownership of the space your unit is occupying within the grounds, as well as a stake in the common areas. This could include the land, any building structures, pools and parking areas. All areas that are..
You are Refinancing Your Florida Home… Do You Need a New Title Search?
As interest rates are still at a low, homeowners are taking advantage by refinancing their existing mortgages. A refinance pays off your existing loan with a new one that has different rates and terms. This can be very advantageous for a homeowner who had a balloon payment in the past or a high interest rate due to a bad credit history.
Going through a refinance is the same process as when you first purchased the house, especially if you are going through a new lender. There will..
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..