As a real estate professional, you know the difficulty that may come with closing transactions. Your clients depend on you for expertise, responsiveness and reliability. Does your title company provide you the same qualities? North Florida Abstract is committed to helping you look good to your clients so they rely on your dependability in the future.
We are proud to be able to welcome you and your buyers to our hometown. But, if you can’t make the short, beautiful drive, we will be happy to pick up your contracts and close at the location of your choice. Click here to request a contract or deposit pick up.
What Every Realtor Needs to Know
Make sure all of your clients are protected. Homebuyers can easily feel confused and frustrated by the mounds of paperwork they have to sign. North Florida Abstract makes the process smooth and simple. We want to help you provide the education to have comfortable, informed consumers.
Owner’s title insurance is one of those items often misunderstood by homebuyers at closing, yet its value is tremendous. As an important advisor to your clients, you are in the position to help them understand the value of owner’s title insurance and the dangers that can be incurred without it. If you need more information or are interested in an education opportunity, please let us know!
Owner’s title insurance is a policy that protects homebuyers’ property rights. For the same reasons that the bank requires a lender’s insurance policy, a homebuyer obtains owner’s title insurance to protect their legal claims to the property.
Say, for example, your client recently purchased a new home from a builder, but the builder failed to pay the roofer. Wanting to be paid, the roofer filed a lien against the property. Without owner’s title insurance, your client would be responsible for paying this existing debt—meaning they’d be paying the roofer out of pocket instead of purchasing something nice for their new home, like new living room furniture. This is just one example of how owner’s title insurance protects homebuyers’ from various significant risks. With owner’s title insurance, your client would be protected from certain legal or financial responsibilities.
The good news is that owner’s title insurance protects homebuyers financially, as long as they or their heirs* own the home. For a low, one-time fee (average of 0.5% of purchase price), homebuyers can rest assured, knowing they are protected from inheriting existing debts or claims on their property.
There are many changes to our industry brought about by Consumer Financial Protection Bureau (CFPB). North Florida Abstract wants to help you stay educated on the new closing and settlement practices and who it affects you and your consumer. Please contact us to learn more.
For more information about title insurance, and to get free resources for real estate agents, visit www.alta.org/realtor