The area and land surrounding your home is something many homebuyers take into consideration before committing to a piece of property. However, what some home hunters do not take into consideration is the varying outcomes when choosing land.
For example, a flood plain is an area of land that is near a body of water, usually a stream or river that is known to experience flooding during periods of heavy rainfall. If you make the decision to buy a home that is on a flood plain, your lender will most likely require flood insurance because until your home is paid back in full, it is their money at risk. In addition to this, if your home is instead near a flood plain, you may be presented the option of obtaining flood insurance but not necessarily required to do so.
Your Fort Myers Title Company advises you to take these items into heavy consideration prior to your closing. At Title Junction, we pride ourselves on working with buyers that are having their needs met and property secured all while feeling comfortable with each and every decision.
About Title Junction: Title Junction (http://www.title-junction.com) is a full service real estate title company serving the area of Fort Myers, Cape Coral, and the entire state of Florida. The company handles a number of real estate title services for both commercial and residential properties and the employees can help a foreign investor or foreign seller navigate through the tricky FIRPTA regulations. Employees of Title Junction can also act as a witness in courtesy closings, an escrow agent or a notary public. The company was founded in 2005.