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Updated over 5 years ago on . Most recent reply

User Stats

21
Posts
1
Votes
Ron Alexander
  • Rental Property Investor
  • Florida
1
Votes |
21
Posts

TITLE SEARCH GUARANTEED?

Ron Alexander
  • Rental Property Investor
  • Florida
Posted

Hello,

I am buying a single family home in Florida,closing will happen in one week,

I am using a title company that handles the closing and that do the title search to be sure there are no liens,dues etc..

my question is what happens If it is said to be clear and clean and that when I resell the house in 2 months or 2 years or whatever some liens/debts/or others belonging before my first purchase date appears.. would that be possible? if yes what can I do to prevent this from happening,I did of course a bit of search myself but still,I am paying the title company for this so I expect them to do it right and especially to sleep well at night

Thank you

Most Popular Reply

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23,418
Posts
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

That’s what the title insurance, in addition to the title search, you are paying them for covers.....the insurance itself is about 0.55% of purchase price.

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