WHY DO I NEED TITLE INSURANCE?
The purchase of title insurance policy of the lender has become a crucial and important part of the mortgage process. It is always a good thing to buy a little coverage as a homeowner. Your property needs to be protected by a title insurance policy at all times to save you the trouble of dealing with different problems that occurred in the past with the property. Title insurance also cover various legal costs and implications that the property has to suffer due to the wrongdoings of the previous owners.
WHAT ARE THE CLOSING COSTS?
While the Title insurance cost in Florida is calculated on a fixed formula, the settlements fees and the closing fees can really very between companies. Florida Title Center work with you practically as an insurance agent , to find the most cost effective solution to you and your client. For instant – we have flat closing fees for veterans and troops for only $499 without any additional hidden fees (such as wire fees, scan & storage and other hidden fees which other companies may have)
HOW DOES TITLE SEARCH HELP ME WITH MY HOME?
A title search is crucial; it helps you to locate the potential title problems that exist with the property that you have bought. It is done by examining the public records and looking up the history of the ownership of the property. It is always better to let a third party, which is independent of any relationship of either the lender or the owner of the property, to do the title search of the property. A title search of the property will indicate all the problems that the property has gone through over time, the rights of certain people in property, who the original owners were, and also any monetary obligations against the property or the owner that are pending.
WHAT TITLE INSURANCE COMPANY SHOULD I CHOOSE?
The selection of a title insurance company is your personal choice. You can choose the title insurance company of your choice for both types of insurances, the loan policy as well as the owners policy. Living in Florida, an easy choice would be Florida title center, as they provide the best service and settlement fees for insurance policy. If you are purchasing the homeowner title insurance policy for yourself, it is only rational to do your research to find the best title insurance policy in your state which will cover for you and provide you benefit as well. There are many title insurance companies which provide the discounts when you purchase both the policies at the same time, which can save you some money. Some of the major title insurance companies of the United States of America include:
HOW FAST CAN YOU CLOSE A FILE?
Once we approve the clearance which shall take less than 10 business days, we notify all parties that we are ready to close. Now we all are ready to close! We just need to clear to close from the lender and the confirmation from the buyer and seller that they are ready for their new chapter.
HOW MANY UNDERWRITERS DO YOU WORK WITH?
What’s better than the best underwriter in the industry? A large pool of the best underwriters in the industry! This gives us a unique opportunity to provide you with a customized title solution for each file.
COMMUNICATION IS VERY IMPORTANT TO ME, WILL YOU KEEP ME UPDATED ONGOINGLY
This is something that we will never compromise on an the reason is that we are coming from the South Florida Real Estate industry just like you! We understand that you want to be on top of the process, the get full transparency, to know what’s going and to have us earning your trust!
WHO’S RESPONSIBLE FOR PAYING TITLE INSURANCE AT CLOSING IN SOUTH FLORIDA?
In Florida, the person responsible for paying title varies per county and can be negotiated in the contract. In most counties, the seller generally pays for the title insurance and chooses the title company.
However, the buyer generally pays for title insurance and chooses the title company in the following counties:
Just as title and closing costs are paid by different parties, costs are generally negotiable and are most at times decided upon by the specific contract.