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..
What Will A Foreclosure Do to a Home Title in Florida?
The rise in foreclosures, short sales and bankruptcies after the recent real estate crises has left a lot of Florida home buyers wondering about the titles to the homes they are interested in. These scenarios can potentially cause complications that a title search agent will need to be on the look out for.
The title to a house is a document that shows who has ownership of the house, usually in the form of a warranty or quit claim deed. This is also important to ensure that the person who is selling the..
Should You Skip Title Insurance on Your New Home?
For many first time home buyers, the idea of title insurance is foreign until they see it on the closing paperwork. This is a special insurance policy that protects a home owner in the event that there was something missed during the title search.
Almost all Florida mortgage brokers are going to insist on a policy to protect their interests, but a new home buyer should also have one drawn up for themselves. If not, you are leaving yourself open to the possibility of having to pay for someone else’s..
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..