The importance of title insurance when buying a new home

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F L O RIDA TITLE INSURANCE

If you are in the ma rket for a home, you’re probably thinking a bout things like home inspections and mortgage pre-approvals. However, there is one other thing that you should be shopping for, even if you haven’t yet thought about it — title insurance. Many people don’t understand the importance in title insurance when buying a new home, but there are actually a few reasons why this coverage is very important.

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F L O R I DA TITLE INSURANCE

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Ensure There are No Liens

Prevent Future Problems

F i r s t o f a l l , y our title i n s u r a n c e c o mpany will do a t i t l e s e a r c h to ensure t h a t t h e r e a r e no liens on t h e p r o p e r t y . This is i m p o r t a n t i f you want to a v o i d i s s u e s with the home in the future.

Having your home taken from underneath you can be a nightmare. However, it could be a possibility if there are unknown liens on your property or if someone finds a loophole in regards to property law. Luckily, your title insurance will protect you in the event that this happens.

Satisfy Your Lender M ost mortga g e l e n d e r s r e q u i r e some form of title insurance. They don’t w ant their c o l l a t e r a l t o b e s o l d from underneath the owner. It’s smart to g o ahead an d s h o p a r o u n d f o r title insurance now so that you won’t have t o worry ab o u t f i n d i n g i t t o s a tisfy your lender later.