From the moment you tell anybody that you are even remotely interested in buying a house, even in the distant future, you will be bombarded with tips and advice on how to best manage the process and find the right property for you. So here we ask, is everyone getting title insurance?
And while much of what is being said will be useful, there is often just too much information to manage to remember it all. This often leads home-buyers to overlook important aspects of the home buying process. If you have noticed that one of the tips being repeated by all of the people you speak with regards an item called title insurance and you are looking for information on how you can benefit from obtaining title insurance, your Fort Myers Title Company can certainly help.
There was once a time when you could trust the security of a title based solely on looking at its history. However, as processes became more complex, more and more due diligence was missed, leading to a whole range of situations which can end with the current owner being on-the-hook for what is outstanding. Again these problems can have occurred decades ago and only now cause problems.
Title insurance is a two-part approach to title protection. The first step is for the title company to thoroughly investigate the history of any title. This includes signature validation, process checking, and due diligence. The purpose of this step is to ascertain the quality of the title and the likelihood of any claims being made against it. Once this search has been conducted and a report has been completed, the title insurance policy can be written.
When a home buyer is financing a closing transaction, their lender will require a title insurance policy. although the policy is a lenders policy, it acts the same way an owners title policy does for a new property owner. And when a lender requires title insurance, it is a good indicator that you should as well. So the question again, is everyone getting title insurance? if you are not, you certainly should.
Contact us for your Fort Myers real estate title insurance quote and let us get you from contract to closing table.
Title Junction is a full service real estate title company serving the area of Fort Myers, Cape Coral and the entire state of Florida since 2005. The company handles a number of real estate title services for both commercial and residential properties.
Have questions? Give us a call at 239.415.6574.
In case you missed it, check out our last Title Junction post: Removing Someone from a Deed