Reliable Title Insurance in Fort Lauderdale
22 May 2019
If you’re about to buy a home, you may view getting to the closing table as your main goal. However, there are actually a few steps along the way that you’ll need to get through before your dream of home ownership can become a reality. When you and your lender sit down at that closing table, you’ll want to be as well-versed as possible in all aspects of real estate transactions. This is for your own protection should anything arise that would hinder your ability to purchase the property. One of the main things you’ll need to do when you’re in the process of buying a home is to purchase a title insurance policy from a respected title insurance agency like Title Now, LLC in Fort Lauderdale. We have been helping people like you realize the dream of homeownership for years in South Florida. We will help you to purchase a title insurance policy which will protect you against anyone laying claim to the property or legal issues that may arise.
What Types of Title Insurance are There?
There are two main types of title insurance that you should be aware of:
- Owner’s title insurance: This type of insurance protects you (the property owner) if someone comes along after you buy the house, lays claim to it and decides to take legal action against you (i.e. long-lost Aunt Fannie claims she has a right to the home before you purchased it); and
- Lender’s title insurance: Also known as private mortgage insurance, which protects our lender and compensates them of any losses if you should default on your loan. You, the home buyer, will pay for the lender’s title insurance when you close on the house. This type of insurance is normally required when you put down less than 20% on a conventional loan or get an FHA or USDA mortgage.
One of the most important aspects of title insurance is the peace of mind it brings, knowing you are protected if any claims should arise. The truth is, because title insurance companies are risk eliminators, the probability of exercising your right to make a claim is really very low.
Choosing a Title Insurance Company in Fort Lauderdale
Your realtor or mortgage officer will probably have contacts in the industry and probably works consistently with a title insurance company they can recommend. Title Now, LLC in Fort Lauderdale, is a licensed South Florida title insurance company with years of experience, offering expert guidance to help you make the right decisions about all of your home or commercial property needs. Our team of exceptional processors and attorneys always have your best interests in mind. Call us today at (954) 947-2040. We are here 24/7 to help with a quick 24-hour turnaround in most cases for all the documents you need.