Buying, selling or refinancing and looking to save some money? Here’s some tips to help you get the most value and protect your investment.

• Ask if you qualify for a reissue premium, which could help you save money on your title insurance. Note: You don’t have to return to the same company who handled your prior closing. All legitimate title agents offer 100% reissue if you are qualified.

• Make sure you know what your policy covers BEFORE you purchase by reading the title commitment thoroughly. Call your title agent with any questions.

• If your real estate agent, or loan originator recommends a title agency to you, ask whether they have a financial interest in the company. If you are selling and purchasing a title insurance policy, you have the ability to choose the title company.

• Be sure that you read and understand all the documents you sign at closing.  

• Be sure that the policy describes all the property and interests you are acquiring. Check for correct spellings of all names and addresses.

• If you are buying previously foreclosed property, be sure you get an Owner’s Policy of Title Insurance, and carefully review Schedule B-2 of the Commitment, which outlines items that are excepted from coverage to be sure you are receiving marketable (not just insurable) title.

• Be sure your title agent is a member of the Florida Land Title Association and the American Land Title Association. FLTA and ALTA members are committed to high ethical standards.

Buying, selling or refinancing and looking to save some money? Here’s some tips to help you get the most value and protect your investment.

• Ask if you qualify for a reissue premium, which could help you save money on your title insurance. Note: You don’t have to return to the same company who handled your prior closing. All legitimate title agents offer 100% reissue if you are qualified.

• Make sure you know what your policy covers BEFORE you purchase by reading the title commitment thoroughly. Call your title agent with any questions.

• If your real estate agent, or loan originator recommends a title agency to you, ask whether they have a financial interest in the company. If you are selling and purchasing a title insurance policy, you have the ability to choose the title company.

• Be sure that you read and understand all the documents you sign at closing.  

• Be sure that the policy describes all the property and interests you are acquiring. Check for correct spellings of all names and addresses.

• If you are buying previously foreclosed property, be sure you get an Owner’s Policy of Title Insurance, and carefully review Schedule B-2 of the Commitment, which outlines items that are excepted from coverage to be sure you are receiving marketable (not just insurable) title.

• Be sure your title agent is a member of the Florida Land Title Association and the American Land Title Association. FLTA and ALTA members are committed to high ethical standards.