Florida Title Search – Why You Need It, When You Should Do It and How to Make Sure That the Title is Clear
When buying property in Florida, it is important to know that the real estate has a clear title. This means it is free from any liens, a conflicting claim of ownership, or any other issue that could put into question your ownership of the home. The only way to ensure this is with a thorough title search before taking ownership of the property.
Why is a..
Protecting your Florida home is almost as important as protecting your family that lives inside of it. You do this in a number of ways, including burglar alarms, warranties, homeowner’s insurance and home title insurance. Not even the most qualified of Florida title search agents is able to protect you from issues that are not apparent from public records, but the title insurance policy will protect you and your home from:
Any documents involved in the sales transaction that were executed under false, revoked or expired power of attorney.
Breaking Down Your Closing Costs
There is more money exchanged when buying a new home in Florida then the cost of the house. After making your initial down payment, and before the balance is paid off, you will be responsible for paying for a Florida title search, title insurance and more. The closing costs cover a wide range of services that were provided in the months leading up to you becoming a Florida home owner, and could run into the thousands of dollars depending on the circumstances.
Home title searches are just a small part of buying a new house in Florida. If you have finally zeroed in on your dream home, here is a detailed list that takes you from making your first bid, to the having the keys in your hand.