Before you go into a closing, it is critical to know that your title to the property will be free and clear. This means that, after the closing, it will be free of prior indebtedness or other defects or encumbrances. It is then what is called a “marketable title.”
Normally, at the closing the Seller gives the Buyer a deed, which transfers the title to you and warrants your title against claims of other persons. The warranties on the deed are only representations of the Seller. With a thorough examination of title and a title policy you are insured that the property you purchased belongs to you.
A title examination involves researching the public records to disclose the previous owners of record, prior deeds, mortgages, court judgments, probate proceedings and divorces, foreclosures, tax and construction liens, and other matters that could affect title. In some cases, a title examination will uncover title defects that could jeopardize a Buyer’s ability to take clear title to the property.
Should research reveal title defects, the Seller may be asked to undertake legal proceedings to clear the defects. By obtaining a title insurance policy, the title underwriter and title agent must see that these defects are cleared.
LLTC is licensed to write title in every county in Florida and is well versed in foreclosures, 1031 Exchanges, short sales, new construction, portfolio loans, grants, government loans, cross-collateralized loans, construction loans, and other closings that might otherwise be deemed “difficult.”
Our principals and staff have over 100 combined years of experience in the title industry. Our unbeatable service, experience and support makes LLTC a company you can trust. We handle files from beginning to end so that throughout the entire transaction, from initial receipt of the contract documents to closing and issuance of the Title Policy, the client is assured individual attention and service. In addition to the unmatched service, we also have competitive rates.
Lawyers Land Title Company has access to our in-house attorneys with years of experience in residential and commercial real estate transactions.
We are always conveniently available by telephone or email. Click here for more information regarding any of our Residential Closing services.