The Real Estate Property Title Search in Florida

In Florida, the real estate market continues to show phenomenal growth rate due to increase and continued demand for houses.Florida real estate can be considered as a home buyer's haven and despite the economic decline or cruces; foreign and local property investors are still flocking into the region to put their money in some of the finest homes we have to offer.

But whenever you buyany piece of real property in Florida, you want to know about itsProperty Title Searchand thatthe property is safe for your purchasing. However even the most diligent title search of the public records could fail to disclose a number of title defects such as a forged will or deed, a title transfer by someone under age or a married person conveying real estate without the joinder of his or her spouse as required by the State of Florida.

Apart from that you also have to search other important record like: Fraudulent Impersonations, Secret Marriages, Undisclosed Heirs, Invalid Divorces and False Affidavits. The list of potential problems that can surface goes on and on and without a proper property title search and the protection of title insurance - you'll be in jeopardy of losing your investment.

The company that provides you with this service will make sure that you as the buyer through yourtitle insurance policy you have clear and marketable title to the property when you close. The company should have many facets to it like municipal lien searches, title commitments, title searchesetc. and in the end they will issue a final title insurance policy which will protect you as the buyer.

Normally the service provider maintains two types of Insurance.The first type of insurance is called Errors & Omissions Insurance. This is an insurance policy that protects individuals and companies from having to pay the entire cost of defending against a negligence claim made by a customer, and damages awarded in such a civil lawsuit. They might also offer two types of bonds, a Fidelity Bond and a Surety Bond. A fidelity bond is a type of insurance that covers policyholders for losses caused by fraudulent acts. A Surety Bond is a promise to pay one party in the case of a title company the Department of Insurance an amount if the Title Company fails to meet their obligation, such as satisfying the terms of a contract.

Property Title Search is essential for you to have peace of mind that your new home and property is yours without title defects.

Ron is an experienced real estate profession. He is associated with http://www.wholesalecashdeals.com/ and loves to write about Wholesale Real Estate Deals in Florida.