Title Insurance = Peace of Mind

Searching for mortgage advice? We'd be thrilled to answer your questions about our mortgage offerings! Call us at (321) 777-7277. Want to get started? Apply Here.

The biggest investment you will make in your lifetime will probably be the purchase of a home. So before you close, you need to be sure that that no one else can claim the property.

A title insurance company ensures that your new property is free of expensive encumbrances and other legal obstacles.

You pay the title company a single premium which includes the cost of verifying clear title and covers you in case some fault is later discovered in the title.

The title insurance company searches the title history of the property. Through its research, the title insurance company can usually find any title problems that may arise and have these problems cleared-up prior to closing.

Because Real Estate Law is so complex, you need an expert to make sure that all previous transactions have been correct, so you don't end up with legal problems or a problem selling your property. Your owner's policy will describe the property and outline the limitations on your ownership. It will also cover what the title insurance company is responsible for. Typically your title insurance will protect you in the following cases:

  • Contested title — Someone, usually a previous owner or occupant, claims they still own the property or have not given up their claim. In this case, the title insurance company will defend your title at no expense to you.
  • Defective title — "Defective title" covers any number of problems with the title to your home. It can even include a "contested title". Defects are rare, but they can be very difficult, making the property inaccessible, unbuildable, or unsaleable. Any number of other complicated problems define "Defective title" or "Clouded Title." The title insurance company will find these title problems, or should they miss them, protect you from financial loss - up to the amount of the policy.

At AmeriBest Mortgage, we answer questions about this process every day. Give us a call at (321) 777-7277.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question