Due to some situations you decided to move in to Jacksonville and start a new leaf. In your new neighborhood, you had a chance to buy a home where you could live the life you want. Everything is going according to your plan until, you get surprised by the numerous title claims that pop up. These unwanted claims can cost you your ownership of the property and financial loss which can be heartbreaking. A title insurance can help you ward off these claims and give you a peace of mind.
Here are some of the possible situations that a title insurance can aid you with:
Forged documents. Yeah, you got a deed after the sale and you thought everything is going to be fine. However, we live in world where people are dishonest and you find out that you have forged documents. A good title insurance company can help do some deep research on the authenticity of the deed and protect you from fraud.
Missing heirs. You worked hard to invest a huge amount of money on your home and next thing you know is, someone else is claiming your property. There are some instances that missing heirs of the previous owner will show up to claim the property you just bought. Heirs could have been mentioned in the will or born after the documentation of the will.
Errors and misinformation on the records. As the saying goes, “To err is human" so, you can never dismiss the possibility of having errors con the records of your property. Opting for a title insurance can update information on the records.
Unwanted liens. You might get upset to find out that the previous owners of your property are not good payers. Banks and other financing companies can put some liens on your property because of outstanding and unpaid debts. Paying your debts lone is troublesome. How much more if it"s somebody else"s debts?
Documents acquired illegally. The deeds could have been signed by an insane person, an illegal immigrant, a minor or by an expired power of attorney. Illegal documents can cost your ownership of the property.
Faster negotiations. Having a title insurance can give you more convenience in reselling the property or applying for a loan. On the other hand, you might meet tons of delay if you didn"t have a title insurance.
To find out more important details about what a title insurance company do for you, visit http://www.attorneystitleservices.net/jacksonville/real-estate-attorney/.