Title company to help protect your investment and property rights under title
If you plan to buy real estate, whether commercial or residential, you will do yourself a favor by enlisting the services of a title company. When you buy property, you want to be sure you get clear and unchallenged title. A Title company can help you get just that. Eannarino Law is a title company in Boca Raton, Boynton Beach, Delray Beach, Jupiter FL, Palm Beach, West Palm Beach and they can help you with title searches, title insurance and related matters. Their office handles residential resale and refinance transactions as well as related title insurance.
Just because you have concluded a real estate purchase and qualified for a mortgage does not mean there are no skeletons in the closet. A title search can reveal if there are any problems in the title of the property in question. Each property has a history and you need to be very careful if the history is murky. How do know there are no building code violations, incorrect signatures, fraudulent signatures, restrictive covenants, competing claims, court judgements and so on. That is where title insurance comes in. Basically, there are 3 types of title policies.
- Owner’s Title Policy – this type of title insurance covers clear title, incorrect signatures, fraud, forgeries, defects in recordation, restrictive covenants as well as encumbrances and judgments
- Extended Owner’s Title Policy- this policy covers building permit violations, violations by previous owners, problems with subdivision maps, covenant violations, structural damages from mineral extractions and certain forgeries.
- Lender’s Title Policy – covers unrecorded liens, easement and access rights and defects and various unrecorded documents
Real estate deals involve large sums of money. You don’t want mistakes or nasty and unexpected surprises. That is why it is a good idea to hire a real estate lawyer to make sure your property deals are good and proper and that you have the legal protection you need.