With the Town & Country team, you get highly qualified professionals who have a wealth of experience in South Florida’s title industry. You also get something truly rare: The peace of mind of dealing with people who are passionate about the services we provide and prepared to go the extra mile to show how much your business is valued.
Town & Country’s title insurance provides coverage for future claims or losses resulting from title defects created by an event prior to the acquisition of the property being bought. The insurance provides twofold protection: a clear title and information on any existing rights or claims that may jeopardize it in the future.
All mortgage lenders require title insurance. The loan policy is issued in the amount of the money borrowed and protects the lender. The owners’ title policy protects the owner against anything not discovered in the title search or any errors. It not only protects the owner against losses due to title claims covered by the policy, but also pays for any attorney fees and costs in defending the title. In simple terms, our underwriters agree to:
- Defend your title in court, at their expense, as to covered matters.
- Bear the cost of settling the claim if it proves valid.
- Correct or clear the title when appropriate.
- Promptly pay you for your loss in the event of an unsuccessful defense of your title.
The title insurance premium is paid only once and it provides insurance for 50 years. Even after you sell the property, it affords protection should be called upon to defend the title under a warranty deed.
An escrow is an arrangement in which a disinterested third party settlement agent holds legal documents and funds on behalf of a buyer and seller to distribute according to their instructions. Town & Country Title provides professional settlement services so that the necessary steps can be taken by the buyer and seller in obtaining inspections, reports, loan commitments and funds, deeds and many other items.
Our duties include: depository of documents and funds; processing and coordinating the flow of documents and funds; responding to the lender’s requirements; obtaining title insurance and approvals of reports and documents from the parties; prorating and adjusting insurance, taxes, rents, etc.; deed and loan documents recording; and more.
Town & Country Title oversees this entire process with vigilance and precision so each transaction goes smoothly and our clients’ interests are protected.
Short sales occur when the proceeds of a real estate sale fall short of the mortgage balance owed on the property. The advantage of a short sale is that the mortgage is satisfied and the lender agrees to waive its right to pursue the borrower for any balance owed on the note. If the lender does not agree to release the borrower then the borrower can cancel the sale.
Generally, credit can be restored in a shorter period of time than if the property is foreclosed upon.