Title Services
What We Do
We provide services to buyers, sellers, real estate developers, builders, mortgage lenders and others who have an interest in the real estate transfer. Orlando title companies make sure that the transfer of title takes place efficiently and that your interests as a home buyer are protected under the terms and conditions of the policy.
Title insurance is different from many other types of insurances (casualty, auto, etc.). These other types of insurances assume risks by providing financial protection for losses arising from an unforeseen future event such as a fire, theft, or accident. In (or with) title insurance, risks are examined and mitigated before the property changes hands.
What is Title Insurance?
Title insurance is an agreement to indemnify against damage or loss from a defect in title as evidenced by a policy of title insurance to a specific parcel or real property. Following a search and examination of public records and in exchange for a premium paid, title insurance companies will assume the risk that title to a parcel of real property is as stated to be in the policy of title insurance.
Types of Title Insurance (Policies)
OWNER’S POLICY
Insures an owner of any type of real property against loss by reason of those matters covered under the policy of insurance for as long as they own the property. There are several versions of each policy. Consult with your Real Estate Professional to determine which policy is best for you.
LENDER’S POLICY
Insures the priority of the lender’s security interest over claims that others may have in the property.
Risks Covered by a Title Insurance Policy
The following are risks covered by a title insurance policy (subject to insuring provisions and the conditions and stipulations):
- Someone else owns an interest in your title.
- Someone else has rights affecting your title arising out of leases, contracts, or options.
- Someone else claims to have rights affecting your title arising out of forgery.
- Someone else has an easement on the land.
- Someone else has a recorded right to limit your use of the land.
- Someone else has a recorded lien or encumbrance on your title.
- You are forced to correct or remove an existing violation of any covenant, condition, or restriction affecting the land.
- You are unable to obtain a building permit, because of an existing violation of a subdivision law or regulation affecting the land.
- You are forced to correct or remove the violation, because of an existing violation of a subdivision law or regulation affecting the land.
- Because of an existing violation of a subdivision law or regulation affecting the land: Someone else has a legal right to, and does, refuse to perform a contract to purchase the land, lease it or make a mortgage loan it.
- You are forced to remove or remedy your existing structures, or any part of them because any portion was built without obtaining a building permit.
- You are forced to remove or remedy your existing structures, or any part of them, because they violate an existing zoning law or zoning regulation.
- Your existing improvements made after the policy date, including lawns, shrubbery or trees, are damaged because of the future exercise of a right to use the surface of the land for the extraction development of minerals, water or any other substance.
- Someone else tried to force a discriminatory covenant, condition or restriction.
- A document upon which your title is based is invalid because it was not properly singed, sealed, acknowledged, delivered or recorded.
- The residence with the address shown is not located on the land