Best Landlord & Tenant Attorneys in Boca Raton, FL

WHAT IS TITLE INSURANCE? In the simplest terms, title insurance protects your property rights. It is a unique form of insurance that emphasizes risk prevention rather than risk assumption. While a homeowners’ insurance policy protects the physical and tangible assets of a home, a title insurance policy protects new homeowners from any past issues affecting their right to own and use the property. How Does Title Insurance Work? When buying a home, it is essential to verify that the sellers have the legal right to sell the property and make sure that the history of the home’s record is clean. Title agents and real estate attorneys work in the background to reveal any problems, or title defects, before closing, but sometimes recording errors and fraud don’t come to light until later. A title search helps verify three main areas related to the property: Does a seller have the right to sell the property, and is it clear to do so? Are there any restrictions or allowances tied to the property? Are there any pre-existing liens on the property that need to be paid off at closing? A title defect can be related to: Errors in the public records Mechanic’s liens Bankruptcies Liens for child support Liens for past-due spousal support Other unknown liens Delinquent taxes Illegal deeds Undiscovered encumbrances Unknown easements Boundary/survey disputes Missing heirs Forgeries Undiscovered wills False impersonation of a previous owner...