Florida title insurance
title insurance in florida
Haven Title provides title insurance and real estate closing services in Tampa, Florida and surrounding counties in Western Florida. Our clients include both commercial and residential buyers who trust our experienced team of title insurance experts to protect their interests.
In Florida, title insurance is mandated. Both parties must have valid title insurance to transfer property from one party to another. The Florida law requires all real estate transactions to have a title insurance policy (owner's or lender's coverage policy).
An owner's title insurance policy is highly recommended when purchasing a new home or commercial property. It gives you an extra layer of protection by covering your financial investment in the property just in case there is a flaw or defect in the title search.
Depending on the age of the property in question, your new purchase could have changed hands several times over the years. So, as a precaution, a title search is done to make sure there are no judgments, liens, encumbrances, outstanding heirs, and the like having an interest in the property. If nothing shows up, the property is deemed free and clear - and it becomes yours at the closing.
Unfortunately, sometimes things get missed. A document or lien may have not been recorded properly or the previous owner may have fraudulently made it look as if the mortgage was paid. On paper it may look like you are the current owner of the property, but when this new information comes to light, your true rights to the property could be in jeopardy.
Contact Haven Title in Tampa, FL to speak with one of our experienced title professionals.