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Trust Escrow: Why Title Insurance Matters

Title insurance, as a concept, is not nearly as well understood by most prospective homebuyers and current homeowners as the other types of insurance that protect them.

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Trust Escrow: Why Title Insurance Matters

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  1. FLORIDA TITLE INSURANCE Trust Escrow: Why Title Insurance Matters WHAT EVERY HOMEBUYER SHOULD KNOW ABOUT ESCROW Title insurance, as a concept, is not nearly as well understood by most prospective homebuyers and current homeowners as the other types of insurance that protect them. That doesn’t make it any less important, however. Title insurance allows the homeowner the ability to relax, regarding several dangers that they may not even realize they are exposed to without it.

  2. Two Types of Title Insurance There are two types of title insurance. One is required by lenders when a home is purchased on credit, and another is available to homeowners who own the title to their property outright. Lenders require buyers purchasing title to properties with credit to carry title insurance in order to protect their interest in the property while the homeowner is paying off their loan. Title insurance for homeowners in possession of their title is still recommended, however, as problems with title to property are not limited to properties purchased with credit and may not come into focus until a property is being sold to the next buyer.

  3. FLORIDA TITLE INSURANCE Title Insurance Protections According to a handy list published on the American Family Insurance website, there are at least twenty problems that can affect those 26% of properties that suffer from title issues. These can include everything from forgery of deeds and other legal documents associated with the property, to the signing of deeds challenged due to mental incapacity, illness, imprisonment, unfinalized divorces, and many other problems stemming from the nature of the property to the actions or inaction of prior owners.

  4. FLORIDA TITLE INSURANCE Title Insurance: The Most Important Component of Escrow? Many real estate experts will tell you that title insurance is, hands down, the most important aspect or component of the escrow process. Whether you are purchasing title insurance because your lender requires it, or are considering its purchase to protect your title to property owned outright, do not ignore its importance, and everything it can protect you from.

  5. FLORIDA TITLE INSURANCE Sources: HTTPS://WWW.HOMES.COM/BLOG/2017/02/TRUST-ESCROW-WHY-TITLE-INSURANCE-MATTERS/ HTTPS://ARTESIANTITLE.COM/

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