Boca Title & Escrow helps homeowners thinking of refinancing their Florida homes. For a hassle-free closing, we will give you a group of qualified and chosen lenders whom we routinely do business with.
After you have chosen to refinance, the experts within our title services are set to assist you to save your finances by offering you fast, effective, and individual service during the closing on the refinancing of your home.
With our approach of assigning you a single and distinct closer and our multilingual staff, your closing details will be handled satisfactorily.
Roy D. Oppenheim – At Boca Title, our goal remains to provide you with excellent service, performance, and follow-through.
Do You Have Title Insurance?
What is Title Insurance?
Title insurance is a kind of indemnity insurance that guards the holder against financial loss caused by faults in a title to a property. Lender’s title insurance is the most prominent type of title insurance. In this case, the borrower buys coverage just to protect the lender. Normally, the owner’s title insurance is compensated for by the seller to guard the consumer’s equity in the property or estate and is prepared independently. Title Company Boca Raton
There are two kinds of title insurance available. A real estate owner can decide to acquire title insurance and lenders can choose to do the same as well. Lenders will need title insurance to guard their security interest in the property. More so, a property owner will acquire title insurance to safeguard their investment in their property.
Why You Need Title Insurance
A primary owner’s basic title insurance policy is essential as it generally covers the following risks:
- Possession by another individual or company.
- Mistaken signatures on documents as well as fabrication and cheat on the title documents.
- Faulty recording (flawed accounts or record-keeping).
- Limiting agreements (terms that degrade enjoyment and value), like undocumented easements.
- Impediments or judgments on property, which may include outstanding liens or lawsuits.
Although the exact number of claims paid out to a title insurance buyers is comparatively small, the open-ended type of land recording in the United States implies that there are many scenarios (still unlikely)- where title insurance can be of economic importance and can save you a lot of cash in legal charges. The chance of defective title rises if you are buying a foreclosed or otherwise problematic property. In the very extreme circumstances, title insurance could end up paying you for the loss of the entire property.
Ellen Pilelsky – If you are looking to refinance let Boca Title & Escrow guide you through a hassle-free closing.
What Is A Lien Search?
Generally, there are two sorts of liens that can be set against a property. A lien in which the homeowner agrees to is known as a voluntary lien. There is normally a contract required to place this kind of lien on the property and it does not negatively impact the property’s title, or your ability to dispatch title.
Typically, an involuntary lien is placed on a property following an unpaid obligation such as a home improvement invoice or a tax bill. These liens affect your ability to trade your property without difficulty. With these, it will also be quite hard to discharge the property from the public record.
In one way or the other, if you are a property owner or buyer, all the above services are essential to secure your future and save you from future mess. Luckily, the title Boca Raton, a division of Weston Title and Escrow is at your service.
Why Do I Need A Lien Search?
Liens can limit your ability to market your property as owner or a business individual in the future and can even cost you a lot to resolve. A lien on a property is a juridical claim against your home. It gives lenders a stake in your property and a chance to settle debts owed to them.