Why You Should Get Title Insurance Even When Paying Cash in Florida

Real Estate Broker/Owner with Rulnick Realty, Inc.

I recently sold a piece of property in the Point Washington, Florida area.  The buyer was paying cash and was concerned that there was a clear title, which is the legal right to ownership. When you purchase a property for “cash”, you don’t have to get title insurance in Florida.  This smart buyer, however, did want to insure his property.  He had attempted to purchase a different parcel of land and through a title search by a professional title company, found there was mortgage that encumbered the property which was unknown to the owner, with no quick resolution to allow him to complete his purchase. For this second attempt at buying a different property, we didn’t think there could possibly be another title problem, but having gone through it once, he was worried. Guess what? There was another title issue found, nine to be precise, with the second property. It was discovered that the property’s deed had the wrong legal description, an error of a now-defunct title company, indicating property boundaries overlapping other properties, some of which were encumbered by mortgages, thus involving the interest of not only other owners, but of their lenders. Thankfully, the seller of the subject property had title insurance, so she filed a claim to have the issues rectified at no charge. To clear these title issues on her own could have cost many thousand dollars and taken hours of research. Since she had a title policy, she was protected and able to finally sell her land.

The bottom line – get title insurance when you buy a property for cash in Florida. It’s worth it.

It’s Wendy… It’s Sold!


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Buying
Florida Walton County
All Things Florida
Real Estate Law
title insurance
point washington

Spam prevention
Show All Comments
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

I have seen issues come up as much as 6 years after closing

Oct 24, 2017 03:55 PM #1
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Always buy title insurance. There is a myriad of problems that can pop up, and title insurance covers many of them.

Jun 06, 2018 08:57 PM #2
Stella Barbour
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland

I agree.  Always buy title insurance.  I have seen some issues come up in the past and it definitely is a peace of mind to have it. 

Oct 04, 2018 11:40 AM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Wendy Rulnick

"It's Wendy... It's Sold!"
Ask me a question

Additional Information