Title Insurance & Lien Searches
What Is Title Insurance?
At Premiere Title of South Florida, our Title Insurance protects real estate owners and lenders against the property loss or damage they could encounter due to encumbrances, defects, or liens in the title to a property. These types of losses can include but are not limited to claims of ownership interest, easements, encroachments, improperly filed documents, forgery, fraud, liens, and a number of other issues.
There are two basic types of title insurance: Loan Policy and Owner’s Policy. The title insurance for mortgage lenders is called a loan policy. You are required to secure a loan policy when the mortgage lender issues a mortgage loan to protect the lender’s interests in the property. The title insurance for property owners is called an owner’s policy. An owner’s policy is issued in the amount of the real estate purchase. This one-time fee is due at closing and remains in effect as long as the property owner or their heirs have an interest in the property. It is only an owner’s policy that offers protection for the buyer, should an unexpected title issue arise.
What is a Lien Search
Our Premiere Title of South Florida Lien Search is an inquiry to determine if there are impending mortgage liens, tax liens, attorney’s liens, mechanic’s liens, judgment liens, maritime liens, or other types of liens. A comprehensive lien search is performed to ensure there are no liens against a property within or beyond five years. If a lien exists, a purchaser is liable to satisfy the debt in order to have the lien released after a closing.
Our professional agents at Premiere Title of South Florida plan ahead so the client can move forward with secure transactions and no unforeseen issues or costly errors. We have the client’s best interest in mind.
Residential and Commercial
From retail establishments and industrial property, to a couple’s first home or a home refinance, Premiere Title of South Florida does it all, providing you with the assistance you need each and every step of the way. Our escrow agents have all the experience necessary to make every facet of your closing a simple and trouble-free transaction, be it a residential or commercial closing.
CONTACT the professionals at Premiere Title of South Florida for all your title insurance and lien searches!
