The first time you buy or sell real estate, you come across terms like property titles and deeds. Most of the people can’t tell the difference between the two. These are two separate legal concepts. However, to completely own a property you need the two.

A deed is a legal document used to transfer the title from one person to another. In compliance with the Statute of Fraud, it must be a written document. To make them fully binding they must be recorded in the assessor’s office or courthouse.

A property title is a legal document that says you own a property. In fact, it has all the specifics about the property in question and protects you when selling or buying real estate. It gives the person who possesses it the right to use the property in any way they deem fit. It also means you have the mandate to transfer partially or fully the property in question to a third party depending on the portion you own.

When purchasing property, these three processes are of the paramount essence.

1. Title Search

What You Need To Know About Property Titles getting into any real estate transaction it is imperative to conduct a title search. Even though most of the property transfers proceed without hiccups, some of them have title issues or marred with disputes—not the nicest fact to know.

Don’t be amongst those people who wait until the last minute, just to fall victims of unexpected surprises—it is both costly and time-consuming.

Importantly, the process of title search can also be a daunting undertaking. That’s why you need a professional real estate company to help you with the undertaking.

If you live in Southwest Florida, Heights Title Service, LLC, has made it their life’s purpose to help you with all title-related processes.

Just sit back and let us conduct the title search on your behalf to ensure the property title doesn’t have:

  • Ownership disputes
  • Faulty information
  • Unreleased liens

2. Title Insurance

Title insurance entails indemnity covers that protects the holder from losses that might be sustained from a defective property title. As much as we try to mitigate the aforementioned problem through title search some issues are beyond our control.

There are two main types of title insurance and they include:

  • Lender’s Title Insurance– Borrower’s buys this type of cover to protect the lender only
  • Owner’s Title Insurance– This is bought by the owner or seller of the property to protect the buyer’s equity

Property title insurance protects the holder from:

  • Unfiled back taxes
  • Conflicting wills
  • Liens

If you are in Southwest Florida and involved in any of the above situations, at Heights Title Services, LLC, we will help you with legal defense that will make sure you get your rightful claim as per the insurance policy.

Did you know that a one-time fee paid for title insurance, covers all deep searches of title data dating back as early as 1800s? Hire us and rest assured we have your best interests at heart.

3. Title Examination

Property examination is the process that assures potential buyers that the property is suitable. Sometimes people confuse this process with a title search. Sometimes these two terms are used interchangeably. Title examiners compile all the problems that might affect a purchase and do a research on the property title history.

Overall, property title helps people when purchasing or selling property. It is the most crucial legal document in the process. If you are in Southwest Florida and looking for a professional to help you with title-related matters, at Heights Title Services, LLC, we are second to none.

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