Why Title Insurance?

An owner’s title insurance policy provides assurance that your title company will protect your home ownership if a covered title problem arises after you buy
your home in the Venice, Sarasota or Englewood area.

One of your most valuable and cherished assets is likely your home. So, when you purchase your home in the Venice area, you need to be sure there are no problems with your ownership. An owner’s title insurance policy provides assurance that your title company will protect your home ownership if a covered title problem arises after you buy your home. In the event your ownership is challenged, the title company pays valid claims and covers the costs of defending your rights. Unlike most other types of insurance, you pay a one-time premium (based on the purchase price) at the time of your home purchase, and the coverage continues as long as you own the property.

It is estimated that nearly half of all real estate transactions have a problem somewhere in the chain of title. At Cemo Title Services, LLC, we identify these problems and assist Venice, Englewood, and Sarasota area home buyers in taking corrective action so that transactions properly close and our customers have peace of mind about their new home purchase.

Title defects can bring great financial and other losses. These defects can result in total losses, where a defective foreclosure or forgery means legal title is not actually conveyed; or they can result in partial losses, such as where a neighbor’s building encroaches on the insured property.

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Here are some of the more common title defects covered by title insurance:

A title policy can eliminate or drastically minimize the risks and impact of the above and many other title defects.

Remember that the best title examination or search cannot protect your home ownership from matters not appearing in the public records. However, a title policy can eliminate or drastically minimize the risks and impact of the above and many other title defects.

CAUTION: Buying Bank-Owned, Foreclosure Properties

All too often, people buying a “bargain” bank-owned or foreclosure property in the Venice, Florida region with no title insurance get burned. Such buyers usually discover later, after they invested their hard-earned money in the bank-owned or foreclosure property, that a lienor was not properly addressed in the foreclosure lawsuit, or that another mortgage lender is trying to foreclose on the property. Those who purchase an owner’s title insurance policy when they acquire a foreclosed property will be protected if ownership issues arise due to a lender’s foreclosure documentation practice.

Call us before taking your next steps:

If you plan to buy a bank-owned or foreclosure property, click here before you take any other steps or call us at 941.485.1110.

For more information about obtaining title insurance
through Cemo Title Services,
contact us today or call 941.485.1110.