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Originally Posted by Berferful
Follow up question. Can I purchase title insurance here in Florida? That would protect me in case of “mistakes” made by title company or their attorneys.
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Quote:
Originally Posted by Bonanza
I'm not too sure they really need their own attorney. What is your problem with a "clerk" in a title company? The closing agent verifies the closing papers and the HUD-1, and I am sure as long as the closing statement shows a clear title and there is nothing "new" written in, I don't see a problem. A buyer receives the closing statement ahead of closing, so they know exactly what their check amount is, and they have a contract previously signed to refer to anything written in, so they are aware of all details.
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If buying and selling a piece of real estate was that simple and uncomplicated, closing would be done at Drive Up Windows, like McDonald's sells burgers. It's more complicated than that.
If someone is questioning if they have the option to purchase Title Insurance, they are unfamiliar with the intricacies of buying property and could use some good advice from a professional (attorney), rather than social media posts from folks who likely don't know any more than the original poster.
Nary an hour goes by, without a post being made on social media, about Deed Restrictions, Architectural Review, White Crosses, sticking lights under the eaves of a home or especially, how a Bond works.
If more people used attorneys when buying homes in TV, they'd be far fewer social media posts and lot more folks who understand just what they bought, when they handed over their money.