Real Estate Closings and Title Insurance
Title Insurance
What is Title Insurance ?
Title insurance is a contractual obligation that protects against losses that occur when title to a property is not free and clear of defects (e.g. liens, encumbrances and defects that were unknown when the title policy was issued). Title insurance also guarantees loan priority.
Why do I need Title insurance?
Title insurance is a requirement for all transactions that utilize financing in real estate. Title insurance is used to protect the ownership interest and issues that can arise in the transfer of a title to the new owner of a property. In short you need title insurance because it is the way to protect the legal transfer of ownership in a property.
What Does Title Insurance Cost ?
Title insurance cost are unique for every transaction. The rates are set by the State of Florida. Give us a call or contact us and we can quickly give you an estimate cost of the Title Insurance for your transaction.
Is Title insurance More Expensive with an Attorney ?
NO ! This is a common misconception, as mentioned above title insurance rates are regulated by the state and do not fluctuate depending on the carrier or source of the title insurance.
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