The short answer is no. Would you purchase a car without a title? Or one that had liens listed on it? And a car is a small investment compared to a home. Even if you are the first owner of a house in Jupiter, you need to have a title search done.
New Homes in Jupiter, Florida
The question of whether or not a title search is necessary comes up most often with the purchase of a newly built Jupiter home. Buyers are under the false impression that as the first owner, there should be no question of ownership and therefore no need to check the history of the..
When discussing the purchase of new house, the word deed and title are often used interchangeably, when in fact they are two completely different things.
What is a Deed?
A new deed for a property is created each time it changes ownership. This is a document that simply states that the ownership has been transferred from one party or entity to another. This can be created for all or even just a portion of the rights to the property and is not related to any other documentation pertaining to the property. Easements, liens and mortgages may all exist for the..
It is not uncommon in the weeks leading up to a home closing for a buyer to question the need for a title search. They think that after countless sales of the property in the past that nothing could possibly go wrong. If you are about to buy a house, and are thinking the same thing, think again. There are countless errors caught by Florida title search companies all of the time.
Florida title search agents have had plenty of first hand experience with the increase in errors and defects with property titles over the last decade. The trend actually started in 2002 after the refinancing boom of the early 2000’s. Not being able to..
There are a lot of things you have to consider when you are buying your new home in Florida. Mortgage, taxes, school districts, neighborhoods, etc. Last on your list of things you are thinking about is probably title insurance. In fact, many home buyers don’t even realize they need this until the mortgage company asks about it.
Obtaining title insurance is a two part process. First you must have a title search done. This is where the county's public records are searched to ensure that there is a clean chain of title from owner to owner in the home's history. This verifies that the seller is indeed the..