Perfect Title & Escrow, Inc. provides title insurance in West Palm Beach and the surrounding areas. Our title inspection and insurance services cover both residential and commercial real estate transactions. We have been working with buyers, sellers, real estate agents, contractors and more for years to provide them with the best South Florida title insurance services for years.
Title insurance covers the purchasers against financial losses that can be caused due to issues with the title of a property. This could be from any type of lien, judgement against a property or a variety of other reasons that causes the title to not be considered “clear”. When you purchase a property, the rights of that property are passed on to you. This means that if a landowner has a lien against their property, and then sells that property to you… the lien is still against that property so you now own it. This would mean that you either have to pay off the lien yourself or face possible legal ramifications.
Title insurance companies such as Perfect Title & Escrow, Inc protect buyers and lenders from situations such as this. First we will do a title search to make sure to the best of our ability that the title is free from any liens, judgement or anything else that might cause the title to not be clear. The issue here is that even the most exhaustive of title searches might not find everything that could be an issue. For example, if the previous owner forged mortgage documents and has not been caught yet, this would not show up in a title search. If it is revealed after the real estate transaction is made, you may no longer legally own your new property.
Purchasing title insurance protects you from situations like this. If anything does come up after you purchase the title insurance from Perfect Title & Escrow, Inc., we will pay for any financial losses you incur, include legal defense in court if it comes to that.
Owner’s Policy – An owner’s title insurance policy protects the buyer or the property and ensures them that the title they are acquiring is free and clear from any fraudulent activities, liens or judgement, or any other defect that might cause them financial loss. They are typically insured up to the amount that they purchased the property for, although additional coverage and options can be purchased or negotiated. The owner’s policy can be purchased by either the buyer or the seller but is typically provided by the seller through an adjustment to the closing costs.
Lender’s Policy – Also referred to as a loan policy, this is a title insurance policy issued strictly to mortgage companies to protect their investment. A lender’s policy protects the purchaser in the event that an issue with the title prevents the mortgage from being sold. In this case, the title insurance company would compensate the lender by covering any losses they have occurred.
We have been providing title and escrow services in South Florida for years and have built a stellar reputation by providing excellent services. If you are a real estate agent looking for a quality title insurance or escrow company in the West Palm Beach area, the be sure to give us a call today! We will work with you hand in hand to ensure that all of your deals get closed and the transaction process is smooth. We represent both buyers and sellers, lenders and contractors, so whatever your title insurance needs are, call us today!