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
Discover the importance of commercial property maintenance in this post by Stewart: Schutt Law in Fort Myers and how it can help ensure your investment's longevity, functionality, and appeal.
Commercial property maintenance plays a vital role in preserving the value and attractiveness of your investment. Whether you own an office building, retail space, or an industrial complex, taking proactive steps to maintain your property is essential for long-term success. This guide will delve into the key aspects of commercial property maintenance and provide valuable insights to help you keep your property in optimal condition.
Commercial property maintenance plays a vital role in preserving the value and attractiveness of your investment. Whether you own an office building, retail space, or an industrial complex, taking proactive steps to maintain your property is essential for long-term success. This guide will delve into the key aspects of commercial property maintenance and provide valuable insights to help you keep your property in optimal condition.
Ensure a secure and worry-free transaction when purchasing a commercial property. Our reliable title insurance services at Schutt Law in Fort Myers provide thorough title searches, protecting you from potential ownership disputes, liens, and hidden claims. Call us at (239) 540-7007 and let our experienced team guide you through the complexities of title insurance, giving you peace of mind for your valuable investment.
Preventative Maintenance: The Foundation of Success
Preventative maintenance is the cornerstone of commercial property upkeep. By implementing regular inspections and routine maintenance tasks, you can identify and address potential issues before they escalate into costly problems. Essential areas to focus on include roofing, plumbing, electrical systems, and structural integrity. Engaging skilled professionals to conduct inspections and necessary repairs will help prevent significant disruptions and extend the lifespan of your property.Landscaping: Enhancing Curb Appeal and Tenant Satisfaction
A well-maintained exterior can greatly impact the perception of your commercial property. Effective landscaping enhances curb appeal and creates a positive first impression for tenants and visitors. Regular lawn care, tree trimming, and flower bed maintenance are crucial to maintaining a clean and inviting appearance. Additionally, investing in seasonal plantings and efficient irrigation systems can help conserve water and reduce maintenance costs.Maintaining Mechanical Systems: HVAC, Plumbing, and Electrical
The proper functioning of mechanical systems is essential for tenant comfort, productivity, and energy efficiency. Regular servicing and maintenance of heating, ventilation, and air conditioning (HVAC) systems are imperative to ensure optimal performance, indoor air quality, and lower energy consumption. Plumbing maintenance, including leak detection and water pressure checks, prevents water damage and keeps facilities running smoothly. Similarly, electrical systems should be inspected to identify potential fire hazards and ensure compliance with safety codes.Safety and Security Measures: Protecting Your Property and Tenants
Maintaining a secure environment is paramount for commercial property owners. Regularly inspecting and upgrading safety features such as fire detection systems, emergency exits, and security cameras can minimize risks and liability. Collaborating with a trusted security provider to conduct assessments and implement necessary measures will help safeguard your property and provide tenants and their employee's peace of mind.Purchasing a commercial property is a significant investment. Don't leave it vulnerable to potential legal issues or financial burdens. At Schutt Law in Fort Myers, our thorough title searches uncover hidden risks or encumbrances, ensuring a smooth and secure transaction. With our comprehensive title insurance coverage, you can protect your investment from unforeseen claims or disputes. Give us a call today at (239) 540-7007, and let us safeguard your commercial property purchase.
Tenant Satisfaction: The Key to Long-Term Success
Keeping tenants satisfied is crucial for reducing vacancies and maintaining a steady cash flow. Promptly addressing maintenance requests, providing clear communication channels, and offering amenities that enhance their experience are all vital for tenant satisfaction. Regularly seeking feedback and implementing improvements based on tenant input will foster positive relationships and contribute to higher tenant retention rates.Outsourcing vs. In-House Maintenance: Finding the Right Approach
Deciding whether to outsource property maintenance or keep it in-house is essential. While outsourcing can provide access to specialized expertise and a wide range of services, an in-house team may offer greater control and cost-saving opportunities. Evaluating factors such as property size, budget, and maintenance needs will help determine the most suitable approach for your commercial property.The Future of Commercial Property Maintenance: Embracing Technology
As technology advances, it is reshaping the landscape of commercial property maintenance. Implementing smart building solutions, such as energy-efficient lighting and automated monitoring systems, can optimize resource usage and improve maintenance efficiency. Embracing technology-driven tools like computerized maintenance management systems (CMMS) can streamline workflows, simplify record-keeping, and enable proactive maintenance planning.Investing in a commercial property requires careful due diligence. Don't overlook the importance of title searches and insurance. At Schutt Law in Fort Myers, our dedicated team specializes in providing meticulous title searches and comprehensive title insurance services. With our expertise, you can rest assured knowing that your commercial property investment is protected from potential title defects, liens, or conflicting claims. Take the first step towards a worry-free transaction by calling (239) 540-7007 today.
12601 New Brittany Blvd
Fort Myers, FL 33907
Phone: 239.540.7007
Fax: 239.791.1080
