TITLE INSURANCE

Title insurance is a type of insurance that protects property buyers and mortgage lenders from financial loss due to defects in a property title. When you purchase real estate, the title is the legal right to own and use of property. However, issues such as liens, encumbrances or errors in public records can arise, which may affect ownership rights. Title insurance provides coverage against these potential issues, ensuring that the buyer has clear and marketable title to the property. Typically, the buyer pays a one time premium for this insurance at the time of closing the property transaction. If a title issue arises after the purchase, the title insurance company will cover legal fees and any loses related to the claim, helping to resolve the dispute.

COMMON TITLE INSURANCE DEFECTS 

Title insurance covers a variety of defects that may affect the ownership of a property. Some common title insurance defects are liens. Existing debts or claims against the property, such as unpaid taxes, mortgages or contractor liens. Errors in public records are common in documents filed with the county or other government entities, such as incorrect property descriptions or name. Fraud and forgery happens in instances where a previous owner may have fraudulently conveyed the title or forged signatures on documents. Undisclosed heirs that was not disclosed during the title search, potentially challenging the current owner's rights.

Boundary disputes issues related to property lines that may arise due to surveys or discrepancies in property discrepancies in property descriptions. Easements can be a major issue, right granted to others to use a portion of the property, which may not have been disclosed during this transaction. Zoning violations and non compliance with local zoning laws that may affect how the property can be used. There are also restrictive covenants that can have limitations imposed on the property that may not be apparent from the title search. In summary, title insurance helps protect the buyer against all these potential issues providing peace of mind for all property owners. Seek a trusted advisor that works close with a title company so that you may get more understanding.

TRUSTED ADVISOR 

As a trusted advisor, professional realtor and retired military veteran I am here to serve you in the Dr. Phillips and Central Florida Housing market, whether it is purchasing or for the sale of your home. In the absence of trustworthy and up to date information whether it's a housing crisis or or local housing market, real estate decisions are increasingly driven by fear, doubt and uncertainty. We as trusted advisors drive the real estate community to ensure you are making the right decision.

Part of my job is to keep you informed and educated about the local housing trends, to include common terms and videos. It is important to keep up to date on the housing market, don't get confused with the media, they talk national data, I can provide the most up to date local area data when it comes to making crucial decisions.

So don't let this shifting housing market delay your dreams, data reveal home values typically appreciate over time and that gives your net worth a nice boost. When you are looking for a home, look for a realtor with the heart of a teacher. If you are ready to start your journey contact Kevin Strawter at 850 496-6412 to begin your new walk in homeownership or closing a chapter in life. Remember I sell experience then I sell a home. Always accepting referrals.