Title Insurance - Do you need it?
YES!! Title Insurance is the only guaranteed protection against real estate title losses. It insures your ownership of your home. Your lender will require Lender's Title Insurance, but that only protects their interest. It insures the lender for the original amount of the loan against invalidity of the mortgage which secures the loan.
The Owner's Title Insurance Policy protects you, the buyer. It informs you of any other interests in the property, such as liens and encumbrances, and protects you against unknown claims of ownership to or interests in your property.
Title Insurance protects you from hidden risks not revealed by the attorney's or abstractor's search of the public records. Common examples of risk include:
- Forgery and Fraud
- Missed taxes
- Undisclosed or missing heirs
- Incorrect legal descriptions
- Conveyance by a minor
- Incorrect indexing at the courthouse
- Mental incompetence of grantors
- Missed easements
Are you a first time buyer, you may find the attached "First Time Buyer FAQs" flyer helpful. click here
Remember, FLA Title, focuses exclusively on providing a smooth and complete closing. As a customer, you will benefit from our extensive knowledge of Real Estate transactions and our close attention to the details of the closing process. FLA Title is dedicated to a successful closing every time and keeping you, the customer, up to date during the entire closing process. I still call forward and am available 24/7 to ensure a problem free and satisfactory closing for you. Is your previous title agent so accommodating?