While hiring a title company to provide title insurance when property is being transferred in Florida is not mandatory by law, it is not a step that should be avoided. It is always wise to protect your real estate purchase by obtaining title insurance.
A title company will provide you with title insurance during the real estate transaction, as well as ensure that the title to a parcel of property is legitimately being sold to you by a seller who has good title. Title insurance is the only thing that will protect you in a deal if you receive a fraudulent title. It will also help to protect you if it is later discovered that the property you purchased has liens against the title.
At the closing of a real estate transaction, the title company will prepare and bring all of the required documents and explain them to both parties. All money will be handled, with closing costs being collected, and the title company will ensure that the new deed is recorded.
Here are things to look for when choosing a title company:
1 — Great communication. Buying a house can be a stressful experience. There is a lot of paperwork that needs to be completed and it is always better when you hire a title company that takes the time to clearly explain to you what is happening. When you get a clear picture of the steps involved in the property purchase, you will be able to ease some of the stress. You also want all of your questions about title insurance to be answered throughout the process.
2 — Experienced. While new title companies might be popping up all over the place, you want to go with a title company that has experience behind it. Florida Home Title has been helping people with their real estate transactions for more than 20 years in South Florida.
3 — Exceptional Services. Florida Home Title gives you the best of both worlds, as it is a title company but is also owned and operated by a real estate attorney with more than 40 years of experience. The law background allows this company to diligently handle all transactions and gives you the best opportunity to overcome any obstacle that might present itself. It puts an end to having to choose between hiring a title company or a real estate attorney to handle the real estate closing…because you will get the experience and service of a title company, with the knowledge and background of a real estate attorney.