5 Of the Most Common Home Title Issues
The reason behind a Florida home title search is often confusing for new home buyers. The transfer of a home title during its purchase should be a straight forward process, yet problems in the history of the property could complicate this. A title search helps to uncover defects before you purchase the property, in order to avoid high costs and fees that are associated with remedying these issues after you have taken possession of the property.
The largest reason behind homebuyers questioning the need of a title search and personal title insurance is a..
The Nuts and Bolts of Title Insurance
When buying a new home in Florida, title insurance is something you will need to discuss first with your lender, and then with a reputable title search and insurance agent. The vast majority of lenders will insist that this type of policy is purchased before they will allow the closing of your new home to continue.
What is Title Insurance?
Title insurance is a type of policy that protects your mortgage lender, and you, from any problems that arise related to the title of the property before the..
A Title Issue Can Put the Brakes on a Florida Home Sale
As you make your way through online listings and open houses, the last thing on your mind is the possibility of a title issue. Yet, even a small glitch in the history of a home title can cause you a big headache later on. Title search agents in Florida and around the country find these issues in approximately 26% of the searches they complete before a property is purchased. If not found and corrected before the closing, these issues will cause a big problem for the homeowner when they do eventually come to light.
The title is the legal..
Why Home Title Insurance Works at Protecting Your Investment
For the majority of Florida residents, your home is the biggest financial investment you will make in your lifetime. Ownership of your home may seem clear, but the right to enjoy the property are sometimes compromised. A Florida title search agent will tell you that there are a myriad of ways in which your ownership of the property you are about to investment could be jeopardized. For this reason, they will always recommend that you purchase home title insurance.
Throughout a property’s history, it passes hands multiple times. With each new..