Nationwide Land Title Company
Homeowner Title Insurance To Protect Your Investment
The transfer of a property is a complex process, especially in South Florida, and you need to be protected against any fraud. Not being aware of how title fraud can financially damage you can lead to consequences in the future, which is why title insurance is crucial. Understanding title insurance and how it can protect you is crucial before you start looking for it. Here is what you should know about title insurance in South Florida: What is Homeowner Title Insurance? Title insurance shields both buyers and lenders from any financial damage that can happen due to faults in a property title. Many faults can arise in a title, but the most common ones are liens, outstanding taxes, and conflicting wills. Title insurance is generally a one-time fee that you can pay to cover yourself in case any problem arises with the title. A capable title agency will then do a deep dive into the title to ensure that there are no claims against the title and provide insurance to you as well. How is It Helpful? There are two types of title insurance, one for lenders and one for owners. Title insurance for lenders protects their financial interests and....
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