Why Title Insurance?

You could be wondering why you need to get title insurance. Most people do not even know what title insurance is for. They just think that it is something else that they have to pay for when they are buying a house. Title insurance is all about protection. Think about it, intelligent people don't ever take huge chances on a lot of money just to save a little money.

You can bet that when you borrow money to buy a house that the bank is going to protect their interest by making sure that if there is anything wrong with the title to the house, they don't get stuck. You should be thinking this way as well. The bottom line is, if something does go wrong let someone else pay.

When you are dealing with Mizner Title and Escrow it means you only deal with the best of the best in title insurance. The whole idea is that if something bad does happen, then you want to make sure that the title insurance company that you are dealing with has the means to pay. So for your protection Mizner Title and Escrow only deals with the multi-billion dollar underwriter, Chicago Title Insurance Company.

With over 100+ types of "title defects", you will want to make sure you have 100% ownership of the property you are buying and that the property is also free and clear from any potential claims that may arise after you own the property. Unlike automobile insurance that protects from a future event, title insurance will protect you from any events that have occurred in the past. The title company that handles your closing will issue the title policies. Similar to a life insurance policy requirement, in which you are required to take a medical physical, your property will undergo a thorough search of the public records at the county recorder’s office. Any title defects found will be disclosed to you and will require clearing before the closing date.

Listed here are most common types of title defects:
• Missed Prior Judgment Lien, Mechanic Lien or Mortgage Lien from prior owners
• Pre-existing violations of deed restrictions
• Delinquent land, estate or federal taxes
• Fraud
• Improper document preparation or execution
• Inaccurate legal description or survey
• Ineffective release of interest by prior owner
• Ineffective release of Judgment Lien, Mechanic Lien or Mortgage Lien from prior or current owner
• Improper procedures of any court case relating to the property or a probate case involving an owner, such as a minor, incompetent person or deceased party.

If you didn't know before, you certainly should understand now that title insurance is a MUST and is well worth the money you'll spend. In return for that money you will get a lifetime of protection and peace of mind. Because as long as you own the property - you are protected and you will be able to sleep well at night knowing that if something does happen - you won't be the one stuck holding the bag!

MIZNER TITLE & ESCROW, INC.
CATHARINA B. VAN KLEECK, President
MICHELLE A. LYNCH, Vice President
Mizner Park
433 Plaza Real, Suite 275
Boca Raton, FL 33432
(561) 997-8600, Fax (561) 258-0550
E-Mail - Closings@MiznerTitle.com

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