How many other insurance companies can offer you a one-time fee for a lifetime of protection? This is one of the many major perks when obtaining title insurance.
For example, let’s say you’ve owned your home for a while now and finally decide it is time to sell it. You find a buyer and their lawyer asks for the deed in order to review the manner in which title was originally received. Upon this review, the lawyer discovers that the deed states that a previous owner (before yourself) still has rights to the property. This clearly was a mistake!
Luckily you have title insurance and which allows you to correct the cloud on title without any charge or in this case, legal discrepancy. On the other hand, if the current owner did not get title insurance before this mistake was discovered, then the obligation to correct the change would be in their hands making it a much messier situation.
Everyone makes mistakes but companies like Title Junction believe that you shouldn’t have to be the one paying for them!
Have questions about how title insurance protects you? Call one of out professionals today!
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.