Why Do Buyers Need Title Insurance?
Prior to purchasing a home, most buyers have never heard of title insurance. Suddenly, once they have signed a contract, buyers are confronted with this new concept that mostly goes unexplained in the real estate world. However, if you are applying for a mortgage title insurance is mandatory, and your lender will not disburse any loan proceeds for a loan unless a lender’s title insurance policy is in place. Real estate lawyers in Orlando are experienced and knowledgable in this area, and there is no attorney in practice today who is better prepared to handle your transaction than Nishad Khan.
So, what is title insurance exactly? As its name implies, it is insurance on the title of your home. Generally, it ensures that the owner of the property possesses good and marketable title that is without defects. For a lender, it ensures that the lender’s security interest in the property is protected until the mortgage it paid in full. Title insurance is an actual policy that is issued by a licensed title insurance company in your state after a full set of searches have been performed, in the public records, at the state and municipal levels. Customary searches include searches for recorded liens against the property, judgments against the seller and searches for unrecorded tax, sewer and municipal liens against the property.
If you are searching for an Orlando Florida real estate law firm with the experience to handle your real estate matter, look no further than Nishad Khan. Mr. Khan deals with title insurance,regularly, reviewing real estate contracts and representing buyers and sellers, successfully, on their transactions. Out of the real estate lawyers in Orlando you can select, Mr. Khan is at the top of his profession and is ready to meet with you to discuss your real estate needs.
Call the best Orlando Florida real estate law firm today at 407-228-9711 and begin the home buying process by retaining Mr. Khan. With his steady hand guiding you each step of the way, there is no questions that your experience will be a delight and will end with the keys to your new home in your hands.