 WHY
DO YOU NEED TITLE INSURANCE?
To protect possibly the
most important investment you'll ever make - the investment in real estate.
A lender goes to great lengths
to minimize the risk of lending money for the purchase of real estate.
First, credit is checked as an indication of the borrower's ability to
repay the loan.
Then, the lender seeks assurance
that the quality of the title to the property to be acquired and which
will be pledged as security for the loan is satisfactory. The lender does
this by obtaining a loan policy of title insurance.
THE LOAN POLICY DOES NOT
PROTECT THE BORROWER
The loan policy protects
the lender against loss due to unknown title defects. It also protects
the lender's interest from certain matters which may exist, but may not
be known at the time of the sale.
But, this policy only protects
the lender's interest. It does not protect the borrower. That is why a
real estate purchaser needs an owner's policy, which can be issued at the
same time as the loan policy, usually for a nominal one-time fee.
... (Learn
more about Title Insurance and the Danger of Loss Here)
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Dunn
Title Company is a full service title insurance agency dedicated to
providing exceptional title insurance and real estate closing services
to Realtors, builders, lenders, and to the public. The company was created
to provide faster and more accurate title services to Realtors, but has
evolved into a full service title company to meet the ever growing needs
and demands of the industry. Dunn Title Company was Incorporated
in the State of Florida in 1994, it's
principles share more than 40 years of title experience. Throughout the state of Florida, we are prepared
to handle your transactions. We are always proud to submit our qualifications to be of service to you and your real estate clients. Dunn Title Company is a strong, quality oriented business that has customer service as its centerpiece.
