For Buyers

 

What is Title Insurance?

 

Title insurance assures that the property you are purchasing is free of claims, liens or encumbrances. It is a one-time purchase that insures the property for as long as you own it. The premium is based on the sales price and are set and regulated by the Insurance Department of the State of Florida.

 

Title Insurance Protects Against:

 

• Forgery
• Fraud
• Insanity and incompetence
• Undisclosed or missing heirs
• Unrecorded contracts for sale
• Bankruptcies in other jurisdictions
• After-born or adopted children
• Suppressed or undiscovered wills or codicils
• Power of Attorney revoked by death or insanity
• Claims arising by reason of foreign divorces
• Erroneous interpretations of statutes and rules of law

 

Defect of Record:

 

• Mortgages
• Liens
• Final Judgments-recorded certified judgments
• Tax Liens
• Assessment liens
• Bankruptcy
• Death
• Divorce

 

Hidden Defects:

 

• Unrecorded documents
• Transfer of real estate by minor
• Forged signatures
• Mental state of prior owners
• Homestead rights of spouses

____________________________________________________________________

 

Title Clearinghouse
Address: 8855 Dr. MLK Jr St. N.
St. Petersburg, Florida
Direct: (727) 522-3280