There are hundreds of thousands of real estate transactions completed in the United States on a daily basis. The vast majority of these cases are fairly straightforward, at least at first glance. Most buyers don’t think to take out title insurance until it is too late. If you are working with a realtor and an attorney you will most likely be advised to take out title insurance in Naples.
The most important factor to consider is that title insurance in Naples protects you in the event that the title search, which may have been extremely comprehensive, failed to show up some potential issue. This could include a forged signature, incorrect person selling the property or even something as simple as the failure, even several sales back, for a husband and wife to both sign off on the title.
Protection with Title Insurance in Naples
In essence and in the simplest form, title insurance in Naples protects you from any claims against the title of the home that you have just purchased. It doesn’t mean that there might not be claims, but it means that you are covered by insurance should those claims arise.
Title insurance is only offered after a title search has been completed. In most cases this initial title search will catch any obvious issues with the title going back for a significant amount of time. The older the property and the number of changes in ownership that have occurred the greater the chance that there is an issue. The good news is that in the title search many issues can be corrected or at least you will know they exist and can back out of the purchase.
What It Covers
The great thing about title insurance in Naples is that you just pay one time, at closing, and it is in place as long as you own the property. In the event you pass the property to your heirs they will also have protection until there is a sale.
Title insurance in Naples will cover the issues mentioned above as well as errors and omissions, usually on deeds, mistakes made during the title search and even issues with undisclosed heirs that come forward to make a claim.
The great thing about title insurance in Naples is that you just pay one time, at closing, and it is in place as long as you own the property. If you have any questions about title insurance in Naples get in touch with Willis & Davidow.
