Phone: 239.540.7007
Title Insurance
During the home selling process, you definitely want that your home stands out for the right reasons. However, most sellers seem to focus on the the bigger features, which is great, but there is one little detail that can ruin their effort: odors. For this reason at Schutt Law Firm in Fort Myers, we would like to share the following post containing useful advice on this small but important topic.  

The Kitchen

There are many odors that concentrate in your kitchen and you have to pay special attention to this area. It would be advisable that you stop cooking pungent foods at least two weeks before you start showing your property and simmer cinnamon sticks and cloves in water for a few minutes to remove any odors. Remember to wash your refrigerator and discard moldy foods. Also, clean your trash cans and take your garbage outside. 

Bedroom & Living Room

You should remove as much dust as you can, as these areas collect many particles that will make them look untidy, and don’t forget to beat your rugs and cushions. Calling the professional carpet cleaners is also a good idea. If you have companion animals, make sure to restrict their access to these areas and take them to a relative’s house when you show your property. 

The Bathroom

Keep in mind that potential buyers will inspect every corner of your home and this includes the bathroom. Look for any mold growing on the tiles and use a water and bleach solution to remove it. Wash and clean your towels and rugs and fix any leaks to prevent water damage. 

Odors in your home will also distract potential buyers, as they may think that removing those unwanted smells will cost extra money. Dealing with unpleasant smells is only a small part of depersonalizing your property, so be sure to read our guide on home staging for further advice.  

For Title Insurance in Fort Myers

At Shutt Law Firm, we will provide you with the legal advice you need to avoid scams and other problems that can threaten your effort. Consider us next time you are looking for title insurance in Fort Myers. Call 239-540-7007 to learn more about our services.
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 heirshipProbate 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