To protect one of the most important investments you'll ever make - the investment in your home. With a title insurance policy, you as the owner, have an indemnity contract that will reimburse you for loss in the event someone asserts a claim against your property that is covered by the policy.
How can there be a title defect if the title has been searched?
Title insurance is issued after a careful examination of copies of the public records. But even the most thorough search cannot absolutely assure that no title hazards are present, despite the knowledge and experience of professional title examiners. In addition to matters shown by public records, other title problems may exist that cannot be disclosed in a search.
What title insurance protects against
Here are just a few of the most common hidden risks that can cause a loss of title or create an encumbrance on title:
- * False impersonation of the true owner of the property
- * Forged deed, releases or wills, Instruments executed under invalid or expired power of attorney; Read more
What protection does title insurance provide against defects and hidden risks?
Title insurance will pay for defending against any lawsuit attacking your title as insured, and will either clear up title problems or pay the insured's losses. For a one-time premium, an owner's title insurance policy ... Read more
Call Desjarlais Law & Title
If you have any questions concerning title insurance coverage, please call Desjarlais Law & Title (941) 923-3388. We are here to assist you.
HOW YOU TAKE TITLE - ADVANTAGES AND LIMITATIONS:
Title to real property in Florida may be held by individuals or corporate entities.
* A man or woman who is not married.
Example: John Doe, a single man.
* An Unmarried Man/Woman:
A man or woman, who having been married, is legally divorced.
Example: John Doe, an unmarried man.
* A married man/woman:
Example: John Doe, a married man
* Joint Tenants with Rights of Survivorship:
Joint and equal interests in land owned by two or more individuals created under a single instrument with right of survivorship. (Meaning that the survivor takes full ownership upon the death of a co-owner without probate proceedings.)
1. John Doe and Mary Doe, husband and wife, tenancy by the entireties
2. John Doe, a single person, and Mary Smith, a single person, joint tenants with rights of survivorship
* Tenancy in Common:
Under tenancy in common, the co-owners own undivided interests; but unlike joint tenancy, these interests need not be equal in quantity and may arise at different times. There is no right of survivorship; each tenant owns an interest, which on his or her death vests in his or her heirs according to their Last Will and Testament.
Example: John Doe, a single man, as to an undivided 75% interest, and George Smith, a single man, as to an undivided 25% interest, as tenants in common.
Title to real property in Florida may be held in trust. The trustee of the trust holds title pursuant to the terms of the trust for the benefit of the beneficiary.
There are significant tax and legal consequences on how you hold title. We strongly suggest contacting an attorney and/or CPA for specific advice on how you should actually vest your title.