Facts: Title Insurance

1. 6 Questions to Ask About Title Insurance Title insurance protects property buyers and mortgage lenders against defects or problems with a title when there is a transfer of property ownership. If a title dispute arises during a sale, the title insurance company may be responsible for paying specified legal damages, depending on the policy. Issuing title insurance is a two-part process. First, the title company or attorney researches records to make sure there are no undisclosed heirs to the property, unpaid taxes, pending legal action, errors, fraud or other problems with the deed. Put simply, the title must be clean, verifying that the seller really does own the property and is free to sell it. Source: https://www.bankrate.com/finance/mortgages/6-questions-to-ask-about-title-insurance- 1.aspx

2. Artesian Title Provides Closings with a Concierge Touch Title companies tend to be the last thing a potential new homebuyer—or even Realtor—thinks about in all the excitement of buying and selling a new home. We are often a last minute addition to the closing—a necessary legal checkmark on a long list of boxes. Why? Because until now, title companies have been somewhat of a commodity product, with no real compelling reason to choose one company over another. Artesian Title has at least three real reasons that make a compelling case for choosing us: Concierge Service, FloridaLegal Specialists, and anup to 20% Savings. Florida is our home. We’re from here. We hire people here. We know the areas, the properties, the various real estate laws that make Florida a special place to live and buy a home in. We have a vested interest in improving the “state of real estate” in Florida and we are excited to be able to play a role doing just that. We serve home buyers and sellers throughout the state and have offices Orlando, Tampa, Ft. Lauderdale, Boca Raton, and Miami. Source: Florida Title Insurance Title Insurance Basics: Everything You Need to Know About Title Policies Preparing to buy a new home can be overwhelming. And once you’ve finally found the right one, closing is still a complicated process. Plus, few buyers are aware of basic terms—much fewer specifics. However, aspects of title insurance (a relatively new product in Canada) can mean the difference between a satisfactory transaction resulting in ownership of a new home—and financial ruin. So what exactly is it? Title insurance is a contract used to reimburse loss or damage due to problems concerning the ownership of property, including title defects, liens against the property, undisclosed heirs, and more. Though the buyer pays for both, lender’s policies are required whereas owner’s policies are optional. But before either policy can ever be issued, there is one vital step: Source: http://wearyco.com/title-insurance-basics-everything-you-need-to-know-about-title- policies/

3. Avoid Title Insurance Sticker Shock: 4 Ways Every Homebuyer Can Save When you find the home of your dreams, make an offer and apply for a mortgage, you might not give much thought to the cost of title insurance. But that can be a mistake. A title policy defends buyers (and their lenders) from future property ownership claims, surprise liens and other potentially costly complications with property titles. Homebuyers usually purchase title insurance as part of closing costs and often take the first title insurer suggested by the seller, says Rafael Castellanos, founder of Expert Title Insurance Agency in New York. Unfortunately, many buyers get sticker shock when they realize how much title insurance is. “The fees are generally about 1 percent of the loan amount,” Castellanos says. However, buyers can cut the cost of a title insurance policy by hundreds of dollars if they are willing to ask questions and get independent guidance. Here are four ways to save money on title insurance. Source: https://www.bankrate.com/finance/insurance/4-ways-to-save-on-title-insurance-1.aspx