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
Owner's Policy insurance protects the equity in your home and is usually issued in the amount of the real estate purchase. It is purchased for a low one-time premium at closing and lasts as long as you or your heirs have an interest in the property. This may even be after the insured has sold the property. Only Owner's Title insurance fully protects the buyer should a problem arise with the title that was not uncovered during the title search. Owner's Title insurance also pays for any legal fees involved in defending a claim to your title.
When a contract has been fully executed and an offer has been accepted the buyer should submit their deposit to the title company.
Checks should be made out House of Title, LLC and mailed or dropped off to 4031 Avalon Park East Blvd. Orlando, FL 32828.
Please contact us at 407-927-0612 for instructons to remit a deposit via wire transfer.
This number will become available once the final loan documents and escrow documentation are drawn up. At that time we will contact you and present the final amount.
Plan to be at the closing for about 1 hour. This will allow sufficient time for signing and any questions you may have.
Two valid forms of identification and proof of wire transfer (if applicable).
Acceptable forms of I.D. include:
Social Security Card
Pursuant to Fla. Stat. 196.031, in order to qualify for a homestead exemption, as of January 1st of the tax year in question, you must have either legal or beneficial title to the property for which you are seeking an exemption, and the property must be the permanent residence of either yourself or someone who is legally or naturally dependent on you.
For more information follow the link: https://propertytaxinflorida.com/2010/02/17/qualifying-for-a-florida-homestead-exemption/