Month: November 2020

Title Insurance Agency Boca Raton

by Capital Abstract & Title | November 22, 2020

Title insurance can help the homeowner resolve the ownership related disputes and title defects along with the required legal support to handle similar claims. Title insurance entitles you to get protection for 7 years against any such conflicts. If you wish to get your title insurance done, consider hiring services from Title Insurance Agency Boca Raton.

There are two types of title insurance policies.

Owner’s title insurance policy
The title insurance for the homeowners protects them against any legal title claim. The insurance provides legal and other assistance when someone sues the homeowner or says that they have claims on the property before the current owner’s purchase.

Lender’s title insurance policy
To protect their investment, lenders insure their property against fire and theft. Similarly, to protect their investment against any title-related disputes, title insurance is necessary.

What kind of title claims may arise?
1. Dispute on property inheritance.
2. Disagreements on the seller’s property selling rights.
3. Undisclosed lawsuits/liens discovered.

Benefits of title insurance

1. Covers the cost of litigation
Once the homeowners get title insurance, this would cover the litigation cost as well. Rest assured that legal expenses like documentation costs, settlement charges, legal procedure costs, etc. would be taken care of by the insurance company.

2. Saves your time, money, and effort
Insurance agencies also provide legal ‘out-of-the court’ settlement assistance and do whatever is legally needed to resolve the ownership dispute. Since the insurance company takes care of the cost and procedure, it can save your time money, and effort.

3. Protects the residential projects
Title insurance provides a protective shield to the developers and residential projects against any legal disputes. A residential project needs several months (or years) to complete, and if there’s any legal dispute discovered during the construction phase, it would be difficult for the developer to cover the costs.

No doubt, a title insurance policy is necessary for anyone who is dealing with real estate (property selling/lending/buying). To get the best quotes and hire the best lawyers, consider consulting Title Insurance Agency Boca Raton.

Benefits of choosing a closing attorney

by Capital Abstract & Title | November 19, 2020

A closing attorney can provide legal support and finalize real estate deals. The real estate closings are the events that bring the parties involved in the process on a single platform. Closing Attorney Boca Raton can provide you the much needed legal support for smooth closures of real estate deals.

Why do you require a closing attorney while buying a property?

Buying a property means you need to deal with plenty of paperwork, payments, documentation, and many other details. The closing attorney can provide you legal support throughout the deal and ensure that you don’t get stuck anywhere.

Here are the benefits of hiring a closing attorney

1. Can help decode the legal jargon
If you do not have a legal background, it would be difficult to understand certain points mentioned in the documents. A closing attorney can be of great help, making sure you can understand the documents including titles and purchase agreements. An attorney can make the terms and conditions clear to both the parties.

2. Final reviewing of the documents
Since the attorneys deal with real estate closings, they can review the documents thoroughly and check whether every clause is covered. The lawyers can also help in reviewing your loan-related papers.

3. Title and purchase agreement reviewing
Apart from reviewing the documents, reviewing the purchase agreement is one of the important jobs closing attorneys do. You can also take help from your attorney for searching the title. It is imperative to know the state of the property’s title and obtain a title report so that post-purchase there are no further ownership-related complications. An attorney can also help you in buying title insurance, as it would safeguard the seller and the buyer against any title-related issues discovered later.

4. Providing proper closure
A very important responsibility of the closing attorney is to carry out the process smoothly and make sure there’s no complications that arise during the closing. If there’s any dispute during the closure or disagreement on the payment, your attorney would be able to take care of it. Moreover, the attorney can keep a track of disbursements like broker charges, county taxes, homeowner’s insurance, etc.

5. Providing legal advice
If you do not need an attorney for the entire process of property purchase, you can still take legal advice during the buying process.

Closing Attorney Boca Raton should be considered while choosing the best lawyers because they are experienced in handling complicated real estate cases and providing proper closure. Make sure to research well and hire only the best!