Found 2 blog entries tagged as title insurance policy.

understanding_the_title_insurance_expense_400

Often wonder what that number in your closing cost column is paying for?  Of all parties involved in the purchase and sale of a Jacksonville fl real estate transaction, many people feel that the title companies are the ones walking away with most of the cash.  After all, they do own the biggest, most plush buildings besides the corporate banks!  While no one enjoys paying title insurance costs, no one ever gets out of it either, unless you’re paying for a new property in cash.  Even then, this is one insurance that isn’t wise avoiding.  With closing costs being a huge expense, along with money signed away in a matter of minutes, you can rest assured this is what you get with your hard earned cash:


1.  Title insurance expense is not a recurring…

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what_is_title_insurance_-_and_didnt_i_buy_that_at_closing_720

Title insurance is an insurance policy to cover any losses if it turns out the seller of a property you purchased did not have clear title to do the selling.  Yes, indeed you did buy title insurance - but typically only for your lender.  You have to request and purchase a separate policy for yourself as the new homeowner.

Why Didn’t My Lender Tell Me?

It may have been stated in the loan forms that you were to read, but like much of the ‘boiler plate’ terms of a loan contract some of it just washes over the reader.  It is a lot of information to deal with, and often the buyer skims rather than reads in detail.

Shouldn’t My Realtor Have Told Me?

Yes, and no.  Homeowner title insurance is a voluntary item, even if it is a good idea.  It is…

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