4417 BEACH BLVD. SUITE 105 • JACKSONVILLE, FL 32207

PH: 904.399.2121

FREQUENTLY ASKED QUESTIONS

What exactly is Title Insurance?
Florida Statutes define Title Insurance as insurance of owners of real property or others having an interest in real property or contractual interest. Florida Statute also prohibits Title Insurance from being issued on a casualty basis (FS 627.784). This means providing Title Insurance without regard to adverse matters of defects. The title agent must determine the insurability, which requires a title search and examination of the title. In plain english, it is important to use a title agency who is providing a thorough title search backed up by more than 100 years of knowledge and experience.

Why do I need Title Insurance?

It is important to obtain an indemnity against liens and judgments prior to owning a property. Title Insurance is one of the most important components of purchasing a home. You need peace of mind that if anyone makes claims to your property you have protection. All Florida Title takes great care to give you that peace of mind.

Abstract of Title versus Title Search.
An abstract of title is a chronological report of all recorded documents related to a specified parcel of land. An abstract should include printouts of all recorded instruments dating back to the earliest public records available. A title search covers a shorter time frame from last deed of record if using a prior owners policy or back to recorded plat. It will list any encumbrance or judgments/liens.
  
How to figure closing costs.
The best way to understand your closing costs is to be informed. We have a list of the closing costs listed under fees. You may have costs associated with financing. Those costs need to be disclosed on a Good Faith Estimate (GFE). Once you receive a GFE you should call other lenders and compare the costs.