Delray Beach Title Co.

A Full Service Title Agency

  • Home
  • About Us
  • Agents & Brokers
  • Lenders
  • Resources
  • Contact Us
  • January 30, 2023

Frequently Asked Questions

What is a title?
Simply stated, the title to a piece of property is the evidence that the owner is in lawful possession of that property.

What is title insurance?
Title insurance protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances or defects in the title to the property. Each title insurance policy is subject to specific terms, conditions and exclusions.

How does title insurance differ from other insurance?
Insurance such as car, life, health, etc., protects against potential future events and is paid for with monthly or annual premiums. A title insurance policy insures against events that occurred in the past of the real estate property and the people who owned it, for a one-time premium paid at the close of the escrow.

What does it cover?
Title insurance protects against claims from defects. Defects are things such as another person claiming an ownership interest, improperly recorded documents, fraud, forgery, liens, encroachments, easements and other items that are specified in the insurance policy.

Who needs it?
Purchasers and lenders need title insurance in order to be insured against various possible title defects. The buyer, seller and lender all benefit from issuance of title insurance.

What is escrow?
Escrow refers to the process in which the funds of a transaction (such as the sale of a house) are held by a third party, often the title company or an attorney in the case of real estate, pending the fulfillment of the transaction.

What are the title insurance policy types?
The Owner’s Policy insures the new owner/home buyer, and a lender’s policy insures the priority of the lender’s security interest.

  • Our Services
  • Why Title Insurance
  • Frequently Asked Questions
  • Net Proceeds Calculator

Recent Posts

  • Test
  • Hello world!

Recent Comments

    Archives

    • July 2015
    • April 2014

    Categories

    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Delray Beach Title Co.

    Our Services

    Title Insurance

    Closing Services

    Mail Away Closings

    Notary Public


    _

    Delray Beach Title Company Accessibility Statement

    Contact Us

    Delray Beach Title Co.
    100 NE 5th Ave, Ste B-1
    Delray Beach, FL 33483 · USA

    Ph: (561) 235-7771
    Fax: 561-491-5178
    Email: info@dbtitleco.com

    Copyright © 2023 · Enterprise Pro Theme on Genesis Framework · WordPress · Log in