Title Insurance and Closing

Who chooses the title company?

As the Buyer, you do! The Buyer has the right to choose any Closing Agent he would like to work with.
You are not obligated to accept the recommendation of others; it is your choice.

The Title is the document that verifies your Legal Right to your new home.
(also called the Settlement) usually takes place at a title company.

Your EWM Sales Associate can help coordinate a convenient date for you and the Seller.

Understanding Title Insurance

There are two kinds of title insurance. 1) A lender's title policy and, 2) an owner's title policy. To protect their interest in your property, mortgage lenders require buyers to purchase a lender's title policy. But a lender's title policy doesn't protect your interest as the homeowner.  For this you need an owner's title policy. Title insurance is an insurance policy that protects you against financial losses should your rights and interests in your property be challenged by someone else's claim of ownership or use. It indemnifies you against loss or damage resulting from defects, liens, or encumbrances in title arising from events that took place prior to your ownership. Title Insurance will pay the cost of defending you against a covered claim--it pays for all court costs and related fees--and it insures you against financial loss.  If a claim is found to be valid, your actual loss--up to the face amount of the policy--is covered.

Title Insurance Protects You Against

What to Expect at Closing

Many people may attend the closing: you, your EWM Sales Associate, the seller (or builder) and their real estate agent, and an escrow agent (closer) from the title company.  During the meeting, which usually takes an hour, you and the seller will review all of the relevant closing papers, many of which you'll sign. Then, after providing a cashier's or certified check for the down payment and closing costs, the keys are passed to you and the house is yours!

What to Bring to Closing

In the rush of excitement of owning a new home, don't forget to bring these following items with you:

If you are looking for a Title Company with an impeccable reputation, experience, attention to detail, and attentive, friendly service, you'll be in good company choosing EWM Title; trusted by South Floridians since 1962.


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