When it comes to buying a home, there are many necessities. Everybody knows they need a real estate agent and a mortgage. But, do you know about the importance of title insurance in Coral Springs? At Expert Title Company, we know that title insurance is one of the most crucial steps of your closing process. Our title insurance company in Coral Springs can help defend your best interests with our title searches, insurance and other services. With our help, there’s no need to put your funds or your successful closing at risk!
Do I really need title insurance in Coral Springs?
People purchase insurance for their cars and homes, so why is insurance for your real estate success any different? To put it simply, if you’re buying a home or even refinancing a home, you need title insurance. Why is title insurance in Coral Springs so important? Well, title insurance is a small amount of money compared to what you can lose if the sale of a house falls under. With title insurance, you can protect yourself and your funds from any damages due to the failure of a sale.
There are many factors that may cause a real estate closing to slow or to even be stopped. This can include:
Often, the issues that cause problems with a sale are simpler than they seem. For example, the seller may not realize that a coowner’s signature of approval is necessary to permit the sale of the home. In other cases, existing liens or holds need to be cleared up to allow for the sale of the property.
Other issues can prevent the sale of the home. For example, you may be purchasing a home where the seller assumes they have ownership. They may have gotten the home as part of a will, or they went into the mortgage with another individual that was believed to be removed at a later date. This kind of red tape happens with properties all around the area. The best way to protect yourself from these mix-ups is to work with our title insurance company in Coral Springs.
How does title insurance protect me?
If any issues put the sale at risk, title insurance can help to protect the funds you’ve already put into the process. In addition to providing title insurance, our title insurance company in Coral Springs offers title searches that can help unearth any issues with the title itself. To learn more about our services, please call (954) 570-5959.