SCHUTT LAW FIRM, P.A.
Phone: 239.540.7007
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Schutt Law Firm, P.A. - Attorney Profile
Home Closing 101
Do you know what to expect on closing day?
Most people don’t. And that can lead to some uneasiness. But help is here. The American Land Title Association, or ALTA, has created a website featuring information every homebuyer can use to help familiarize themselves with the closing process before walking into the closing
The Home Closing 101 Site
At Home Closing 101 you will find information you can use to prepare yourself for closing. The site covers topics such as title insurance, escrow fees and closing costs. So when the time comes to sign on the dotted line you’ll feel fully prepared.
Home Closing 101 is especially helpful for first time buyers. Buying a house is an exciting time and the more you know about the process, the more relaxed you’ll be going through it. Spend a little time on the site and you can walk through the home buying process, receiving explanations for each step and helpful hints on how to find the right people to help you on your journey to homeownership.
Click here to start learning about the home buying process.
What Is American Land Title Association (ALTA)?
Founded in 1907, ALTA is the national trade association and voice of the title insurance industry. ALTA members search, review and insure land titles to protect home buyers and mortgage lenders who invest in real estate.
ALTA members advocate safe and efficient transfer of real estate and insist on high standards when searching land title records and preparing insurance documents. The industry seeks to eliminate risk before insuring, which provides homebuyers with the best possible chance of avoiding land title problems. But, title difficulties can and do occur, and members offer both Owner’s and Lender’s title insurance policies as effective safeguards.
Click here to visit the ALTA website.
About Stewart Title Insurance
Stewart (NYSE: STC) is a leading provider of real estate services, including global residential and commercial title insurance, escrow and settlement services, lender services, underwriting, specialty insurance and other solutions that facilitate successful real estate transactions. Stewart offers personalized service, industry expertise and customized solutions for virtually any type of real estate transaction, through our direct operations, network of approved agencies and other companies within the Stewart family. Through a focus on integrity, smart growth and conservative management, Stewart remains committed to serving our customers, innovating and improving to meet their needs in an ever-changing market.
Please click on the link below for more information:
WHY TITLE INSURANCE?
Owning real estate is one of the most precious values of freedom in this country. You want the assurance that the property you are buying will be yours. Other than your mortgage holder, no one else should have any claims or restrictions against your home.
Title insurance is issued after a careful examination of the public records. But even the most thorough search cannot absolutely assure that no title faults are present, despite the knowledge and experience of professional title examiners. In addition to matters shown by public records, other title problems may exist that cannot be disclosed in a search. Title insurance eliminates any risks and losses caused by faults in title from an event that occurred before you owned the property.
Title insurance is different from other types of insurance in that it protects you, the insured, from a loss that may occur from matters or faults from the past. Other types of insurance such as auto, life, or health cover you against losses that may occur in the future. Title insurance does not protect against any future faults, but does protect you from risks or undiscovered interests. Another difference is that you pay a one-time premium for a policy that remains effective until the property is sold to a new owner - even if that doesn't occur for decades.
What is a Lender's Policy?
A lender's policy, also known as a loan policy or a mortgage policy, protects the lender against loss due to unknown title defects. It also protects the lender's interest from certain matters which may exist, but may not be known at the time of the sale.
This policy only protects the lender's interest. It does not protect the purchaser. That is why a real estate purchaser needs an owner's policy.
What is an owner's policy?
An owner's policy protects you, the purchaser, against a loss that may occur from a fault in the ownership or interest you have in the property. You should protect the equity in your new home with a title policy.
What does an owner's policy provide?
- Protection from financial loss due to demands that may be charged against the title to your home, up to the cost of the title policy.
- Payment of legal costs if the title insurer has to defend your title against a covered claim.
- Payment of successful claims against the title to your home covered by the policy, up to the cost of the policy.
Why the seller needs to provide title insurance?
Any purchaser will need evidence that his investment in your property is free of title defects. The title insurance policy that you provide the purchaser is a guarantee that you are selling a clear title to your real estate, unencumbered by any legal attachments that might limit or jeopardize ownership. It will reassure your purchaser that he or she is protected from any risks or losses and could help you close your deal.
Why the buyer needs title insurance?
Without title insurance, you may not be fully protected against errors in public records, hidden defects not disclosed by the public records, or mistakes in examination of the title. As a result, you may be held fully accountable for any prior liens, judgments or claims brought against your new property. If this should occur, your title policy insures that you will be defended at no cost against all covered claims up to the amount of the policy.
How much does title insurance cost?
The insurance commission approves and controls the premiums for title insurance policies. The premiums are paid only once and the cost depends upon the purchase price of the property and the policy amount must be equal to the purchase price.
What does title insurance protect from?
- Fraud
- Adverse possession
- Rights of divorced parties
- Deeds by minors
- Undisclosed Heirs
- Errors in tax records
- False affidavits of death or heirship
- Probate matters
- Deeds and wills by persons of unsound mind
- Conveyances by undisclosed divorced spouses
- Forfeitures of real property due to criminal acts
- Deeds by persons falsely representing their marital status
- Documents executed by a revoked or expired Power of Attorney
- Defective acknowledgements due to improper or expired notarization
- Mistakes and omissions resulting in improper abstracting
- Forged deeds, mortgages, wills, releases and other documents
- False impersonation of the true land owner
Get your home ready for the cooler months with our essential fall home maintenance tips. From roof inspections to HVAC tune-ups, Schutt Law in Fort Myers, FL, has you covered.
As the summer heat begins to fade and the vibrant colors of fall start to emerge, Fort Myers homeowners should shift their focus to essential fall home maintenance tasks. The mild Florida winters may seem forgiving, but taking proactive steps now can prevent costly repairs and ensure your home remains in top condition throughout the year.
Your well-maintained home deserves a hassle-free sale. Title insurance from Stewart: Schutt Law in Fort Myers, FL, protects you from unexpected title issues, giving you and your buyer peace of mind. Call (239) 540-7007 for a free quote today!
Exterior Maintenance
The Florida sun and summer storms can be tough on your home's exterior. Let's make sure everything's in tip-top shape before the cooler weather arrives.
- Roof and Gutter Inspection: The summer rains and potential hurricane threats can take a toll on your roof and gutters. Inspect for missing or damaged shingles, leaks, and clogs in the gutters. Clean out any debris and ensure proper drainage to prevent water damage.
- Landscaping and Yard Cleanup: Trim trees and shrubs away from your home to avoid damage during storms. Rake up fallen leaves and debris to prevent them from clogging gutters and attracting pests. Consider planting fall-blooming flowers and shrubs to add color to your yard.
- Exterior Paint and Caulking: Check for any peeling or chipped paint and touch it up to protect your home's exterior from the elements. Inspect and re-caulk windows and doors to prevent drafts and energy loss.
- Pool and Spa Maintenance: If you have a pool or spa, prepare it for the off-season by cleaning and balancing the water, covering it to prevent debris accumulation, and reducing the pump's running time.
- Hurricane Preparedness: Even though the peak of hurricane season is behind us, it's crucial to remain prepared. Ensure your hurricane shutters are in good condition and easily accessible. Secure any loose outdoor furniture or objects that could become projectiles during a storm.
Interior Maintenance
Time to head indoors! A little attention now will keep your home cozy and efficient all winter, even if it doesn't get too cold here in Fort Myers.
- HVAC System Checkup: Schedule a professional inspection and cleaning of your HVAC system to ensure it's running efficiently and ready for the cooler months. Change the air filters regularly to improve indoor air quality and reduce energy consumption.
- Plumbing Inspection: Check for leaks or drips in faucets, pipes, and toilets. Address any issues promptly to prevent water damage and mold growth. Insulate exposed pipes in unheated areas to prevent freezing during unexpected cold snaps.
- Smoke and Carbon Monoxide Detectors: Test all smoke and carbon monoxide detectors and replace batteries as needed. These devices are essential for early detection of fire and carbon monoxide leaks, which can be especially dangerous during the winter months when windows are closed.
- Chimney and Fireplace Inspection: If you have a fireplace, schedule a professional inspection and cleaning to ensure it's safe. Remove any debris or creosote buildup to prevent chimney fires.
- Weatherstripping and Insulation: Inspect weatherstripping around windows and doors and replace any worn or damaged areas. Add additional insulation in your attic or crawl spaces to improve energy efficiency and reduce heating costs.
You've invested time and care into your Fort Myers property. Protect that investment with title insurance from Stewart: Schutt Law in Fort Myers, FL. We uncover hidden title problems so you can sell with confidence–call (239) 540-7007 to learn more.
Additional Tips for Fall Home Maintenance in Fort Myers
Beyond the basics, here are a few extra tips to keep your Fort Myers home looking its best and running smoothly this fall.
- Pest Control: In the fall, pests often seek shelter indoors. Seal any cracks or openings around your home's exterior and consider scheduling a professional pest control treatment.
- Fertilize Your Lawn: Fall is an ideal time to fertilize your lawn to promote healthy growth and prepare it for winter.
- Clean and Organize: Take advantage of the cooler weather to declutter and deep clean your home. Donate unwanted items and organize your storage spaces.
- Prepare for the Holidays: Start planning your holiday decorations and make any necessary repairs or replacements.
The Importance of Title Insurance for Fort Myers Homeowners
While you diligently maintain your Fort Myers home, it's equally important to ensure that your investment is protected. Title insurance, offered by Stewart: Schutt Law, provides peace of mind by safeguarding you from unexpected title issues that can arise, such as ownership disputes, liens, or encroachments.
By partnering with Stewart: Schutt Law, you can be confident that your property rights are secure, allowing you to enjoy your home and the beautiful fall season in Fort Myers with complete peace of mind.
Regular home maintenance is vital to preserving your home's value and ensuring a comfortable and safe living environment. By following these fall home maintenance tips and partnering with a trusted title insurance provider like Stewart: Schutt Law, you can protect your investment and enjoy all Fort Myers offers year-round.
Your well-maintained home deserves the best protection. With decades of experience serving, Stewart: Schutt Law in Fort Myers, FL, provides comprehensive title insurance and unparalleled customer service. Call (239) 540-7007 for a seamless selling experience.
12601 New Brittany Blvd
Fort Myers, FL 33907
Phone: 239.540.7007
Fax: 239.791.1080
