SCHUTT LAW FIRM, P.A.
Phone: 239.540.7007
YOU ARE HERE: HOME / TITLE INSURANCE
Title Insurance
How to Get the Best Deal on Your Mortgage
Purchasing a property is a big investment. When talking in terms of hundreds of thousands or even millions of dollars, a saving of 1 or 2% could mean a huge amount of money. Because of this, home-buyers are always trying to look for the best deals. Of...How To Make The Most Of Your Summer Open House
Have you been struggling to sell your home for some time? Are you at a loss as to why you haven’t been able to sell? An open house can be a brilliant way to generate some interest in your property and get the offers rolling it. Events like this can...Essential Advice When Buying Your First Home
Buying your first home is a big step to take in life. You have probably had an idea of your dream property for many years, and you’ve finally found it! You may have had to scrimp and save hard to get your deposit together, and it may have been a long...How to Make a Successful Bid on Your Dream Home
Finding your ideal home in Cape Coral can be a long and, often stressful, process. Saving for a deposit can take a number of years, after which comes the search for the best piece of real estate. You may have looked at dozens of properties and...How to Make the Move Into Your Dream Home a Dream
After an extensive amount of time searching, researching and negotiating, you've finally found your dream home and the process has begun to secure your property and arrange for settlement. And while this can be a relaxing time for some soon-to-be...Tips for Finding the Right Home for You and How Title Insurance Near Cypress Lake Can Keep It Secure
Many first home buyers think that finding the right home will be like a dream come true, where all the searching happens seamlessly and the entire process is completed within a week....Learn More Liens and Hot Title Insurance in Fort Myers Can Protect You
Throughout all of your research and probing of people who have been through the process before we are sure that none of them ever told you that the process would be short and easy. With the multitude of forms, processes,...Help Your Potential Buyers With Competitive Title Insurance Rates in Cape Coral
Getting a property ready for sale is the responsibility of every home owners, whether you want to give it a general clean up and sell it as is, or make minor to major repairs to get the most return on your...Protect Your Investment With Title Insurance in Villas
Buying a home is one of the most exciting times in everybody’s lives, and with all the excitement and emotion it can be easy to forget smaller details or important parts or due diligence that can have a serious negative effect on the future...The Benefits of Title Insurance in ;Cypress Lake
Given the magnitude of investing in a home, taking steps to ensure its ;security is at the forefront of every ;home buyer's mind. From the ;physical structure to the contents, keeping your home protected is a number one ;priority. Aside from these...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
12601 New Brittany Blvd
Fort Myers, FL 33907
Phone: 239.540.7007
Fax: 239.791.1080
