How much does Title Insurance cost? The one-time premium is directly related to the value of your home. Typically, it is less expensive than your annual auto insurance. It is a one-time only expense, paid when you purchase your home. Yet it continues to provide complete coverage for as long as you or your heirs own the property. Do I need Title Insurance? Most definitely! Title insurance is a means of protecting yourself from financial loss in the event that problems develop regarding the rights to ownership of your property. There may be hidden title defects that even the most careful title search will not reveal. In addition to protection from financial loss, title insurance pays the cost of defending against any covered claim. Why Do You Need It? Buying a new home is one of life's most gratifying experiences. As you approach the big day of closing, however, all the details can be a little overwhelming. You might easily overlook the single most important step in ...

Many first time buyers ask, why do we need Title Insurance? What are the benefits? Here are very important reasons, why you need Title Insurance: 1.      A title insurance commitment for title policy will disclose the status of the real property taxes on the subject property.  2.      A fire destroys only the house and improvements. The ground is left. A defective title may take away not only the house but the land on which it stands. Title insurance protects you against such a loss. 3.      A deed or mortgage may have been procured by fraud or duress. 4.      A deed or mortgage made under an expired power of attorney may be void. 5.      Title insurance covers attorney’s fees and court cost for defending your title. 6.      Title insurance helps speed negotiations when you’re ready to sell or obtain a ...

Do you know there is a SW FL blog to all things pertaining to the real estate industry? Finance, Legal, Title Insurance, Real Estate, and Inspections. We’re “in the know” and it’s our job to make sure that you are as well.  There are many licensed individuals in this industry, but you can count on this group of professionals to truly communicate to buyers and sellers with utmost integrity. Our commitment is to guide you and keep you up to date! So come be a part of this group of the expert contributors that blog every day on a certain topic. Have questions...Ask?  We are all here to make the process of buying/selling/renting/investing real estate go just a little bit smoother!! You can also   LIKE US  on Facebook 

So you have decided to purchase a home, but you have no idea what ensues between now and the time you legally own it? Well, the next step is to obtain title for the property from a title company. Why, because a title gives the owner the right to possess and use the property. Though before you receive title, the title company will have to complete the following: Earnest money:  To show the seller and his agent you are a serious buyer, you will be asked to give the title company a deposit called earnest money. If the sale goes through, the earnest money will be applied towards the down payment. If the sale falls through, then, it is possible, that the earnest money will not be given back unless it is stated in the offer to purchase that it is refundable. Title search:  A title search is a detailed check of the records concerning the property. It is performed to verify the seller's right to change ownership. A title search will uncover any faults, demands and other pri...

Congress has given itself two more months to come up with long-term solutions for the debt-burdened federal program that provides insurance for homes and businesses in areas subject to flooding. A voice vote in the House Wednesday extended the life of the National Flood Insurance Program for 60 days, assuring that people in flood-risk areas will continue to have access to the flood insurance they need to close on mortgages or obtain refinancing. The program is slated to expire Thursday. The last full-scale reauthorization of the NFIP, a wing of the Federal Emergency Management Agency, occurred in 2004. Since 2008 the insurance provider has stayed alive through a series of 16 short-term extensions while lawmakers debate how to restore its fiscal soundness. To read Jim Abrahms full artice, CLICK HERE Title Junction is hoping that come July 31st, that Congress will extended it for a SOLID 5 more years!

June 1 marks the first day of the 2012 Atlantic hurricane season. And if Congress does not act, it could also be the day that millions of homeowners, renters, and businesses learn the hard way their property is not insured against the devastating floods that often follow a hurricane. But it's not just people who live in states affected by hurricanes who should be nervous. Flooding is one of the most common forms of natural disaster and affects nearly every region of the country—from the aftermath of blizzards in the Northeast, hurricanes along the Gulf Coast, river surges in the Midwest, or tsunamis on the West coast. What does this have to do with Congress? On May 31, the National Flood Insurance Program is set to expire. Congress established the program in 1968, as flood damage is not covered under a standard homeowners policy. Today the program provides federal flood protection to more than 5.6 million individuals and businesses across the nation, in more than 20,000 commun...