WHY YOU NEED TITLE INSURANCE

Many ask why you need title insurance. Title insurance came about in 1876, the reason why you need title insurance is because it protects your property rights and financial interest of the owner, claims, liens, utility assessments, taxes, judgements, encumbrance and other matters with peace of mind. These items must be cured before proceeding any further. There are many scams and fraud scenario's almost daily to include cyber fraud.

There is an owner policy and loan policy issued and many cases parcel which in many cases type a fee simple which means the property and land it sits on and generally the seller pays for this. Lender title insurance ensures the right person that is selling you the property, owns the property and no claims, judgements, liens or any other claims. This is performed so that the lender protect themselves. The title company pays off liens and other cost to seal the transaction and insured until the property is sold.

Title insurance protects you from any other family member that may come back to claim rights to the property sold. The law in Florida mandate that you must have title insurance and cost depends on the size lot and structure. Once you have a title commitment which ensures and balances and checks have been performed for you to have a clear title to the selected parcel or parcels. 

Title commitment is merely after all detailed work performed the title company provides a title commitment letter to insure the property. This can be a huge game changer if the duties are not performed and leaving yourself wide open for law suits.

CLEAR TO CLOSE

These are the words any homebuyer like to hear. You will receive a commitment letter. This means the lender has executed all means to ensure you all areas are covered and commit to lend buyer's funds for purchase of a home. Always seek for a trusted advisor to guide you through the process from beginning to the end.

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired veteran I am here to serve you and on the pulse of the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information whether it's a housing crisis or local housing market , real estate decisions are increasingly being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision.

Part of my job is to keep you educated of the local market trends, information on the buying and selling process to include real estate common terms and videos. Don't get confused with the news, they talk about national level data, and I can provide most up to date local area data.

So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. When you are getting help with a home, look for your realtor with the heart of a teacher. If you are ready to start your journey, contact me today at 850 496-6412 to help begin a new walk to homeownership and all your real estate needs.