What is Title Insurance and why is it recommended when buying a home?
What does it do? Why is it required by lenders? Can I choose my own title company or do I have to choose the one that the lender recommends?
People purchasing and selling properties in South Florida at times have questions regarding what a Title Company does and if Title Insurance is necessary.
Title insurance prevents the property owner from suffering financial loss if, at any time during his ownership of the property, someone comes along who can show that they have full, or partial, ownership of the property instead.
A careful title search is done while the property is under contract. Searching the history of ownership to be sure nothing has fallen through the cracks is a tedious job that requires alertness, intelligence, and skill. In addition, the title agent pays off all previously existing loans and recording charges and makes sure that your closing is done correctly.
Do yourself a favor. When you buy a home, buy title insurance and buy it from a trusted agent with decades of experience. Please watch the video to understand the essentials of title insurance and call us today at (305) 476-8745.
Here at Cambridge Title & Closing Services we take the worry out of your Closing.