Complete your real estate transactions with ease with help from FLORIDA ABSTRACT AND SECURITY TITLE CORP. Our title insurance agency works closely with real estate agents, lenders, attorneys, and building contractors throughout Port Charlotte, Florida. We provide services on a one-on-one basis to each of our clients, and work hard to show you the importance of obtaining title insurance for your real estate purchase.
The Importance of Real Estate Titles
Real estate has always been known as a valuable asset for families and individuals. Because this form of wealth is protected by a number of laws, it is considered a wise investment. Laws have been enacted to protect your ownership of real estate and all improvements located on the land.
If you are purchasing real estate, it is important to note that the owner, owner’s family, and owner’s heirs have rights or claims for the property in question. Those with an interest in the property can also include governmental bodies, contractors, lenders, and other individuals and corporations. In some cases, the real estate can be sold to you without your knowledge of the other parties. All claims remain attached to the title to the property that you are buying until they are extinguished.
Determining Which Claims Exist
There are different ways to determine which claims exist on the property in question. In order to find the status of title, you can conduct a search of all public records. This title search can reveal the existence of recorded defects, unpaid taxes, and other liens against current or past owners. Once reported, these matters can be accepted or resolved prior to your closing date.
Resolving Undiscovered Claims
In some cases, hidden risks can threaten the title to your property. These risks include matters, rights, or claims that are not shown in public records, and cannot be found in a simple search. By obtaining title insurance, you will be protected against claims filed after you purchase your property.
Protection for Your New Property
What would happen if a claim were filed against your insured title? For your convenience, our products are designed to protect you and your new real estate purchase. In the event of a claim, insurance will defend your title, giving you a way to maintain possession of the property.
Contact us in Port Charlotte, Florida, to speak with our team about your real estate transactions. The staff at our title insurance agency is available to assist real estate agents, lenders, attorneys, and building contractors.