Frequently Asked: Why do I a need a Gap Endorsement in Door County?

Real Estate Agent with The Kellstrom Ray Agency, Inc. (Est. 1948)

Frequently Asked: Why do I need a gap endorsement?  In Wisconsin, our most recent form revisions included a provision that was new to many--the "Gap Endorsement", to be paid for by Buyer or Seller, unless stricken from the contract.

Isn't my title insurance enough?  Title insurance is an insured statement of the condition of ownership rights to a certain piece of property

NO.  A gap endorsement is an inexpensive way to ensure a safe transaction and your piece of mind.  Sellers, we aren't questioning your integrity--we are just putting in an additional provision for the safety of all parties involved in a transaction.

A gap indorsement is ADDITIONAL insurance.  A gap endorsement policy gives coverage against intervening adverse matters affecting title which are recorded or filed between the date of commitment and the recording of the documents.  Perhaps the Buyer took out a Home Equity Loan that hasn't been substantially recorded.  Perhaps there are contractor liens on the property that will come up after closing.

In this day and age with the amount of short sales and bank owned properties with extenuating issues, it’s more important than ever to adequately protect  against liens or unpaid debts that a Seller may have occurred---intentionally or unintentionally.

A gap endorsement helps protect home buyers against these difficult issues. 

Why do I need a gap endorsement for my Door County property?  For your piece of mind--and ours.

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All information is deemed reliable as of date of publication and is subject to change without notice.


 Thank you for reading!  MaryKay Shumway, ABR®, CRS®, Realtor® loves to laugh and enjoys working with people that love the Door Peninsula.  She is a full-time real estate Broker, mother of two and a senior Broker Associate at the Kellstrom-Ray Agency, Inc. in beautiful Sister Bay, Wisconsin.  She represents listings throughout the Door County Peninsula and also represents many Buyers that want to purchase the perfect property to make Door County a part of their lives.  CONTACT MARYKAY ABOUT YOUR DOOR COUNTY PROPERTY QUESTIONS TODAY.

MaryKay Shumway has a consistent multi-million dollar producer for over thirteen years.  Representing both listing clients and buyer clients full time, MaryKay is also a mother of two and active in the Door County community in the local school district, nonprofit groups and governmental affairs.  A member of the Door County Board of Realtors Honors Society from 2005-2016, the Door County Realtor of the Year 2008, a member of The Real Estate Group's Chairman's Circle in 2010-2015, and an member of the Coldwell Banker International Diamond Society for 2014 & 15.  She has served as President and Vice President of the Door County Board of Realtors  and as a member of its Advocacy Committee.  MaryKay is a top MLS producer and has held the position of top producer at The Kellstrom-Ray Agency, Inc. since 2016.


Contact MaryKay.  "As a multi-million dollar producer and senior associate at The Kellstrom-Ray Agency selling Door County real estate, I focus my balance on both  featured listings and representing Buyer Clients looking for the perfect Door County Property.  I turn Door County vacations into Door County traditions by helping you own your own Door County real estate, and I represent exceptional properties in all price points on the Bay of Green Bay, Lake Michigan, and all inland lakes and properties in between. Call, text or e-mail me today."


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MaryKay Shumway

Door County Wisconsin's Real Estate Expert
BUYING or SELLING a Door County Property? Call Me Today!

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