For most of us, buying or selling a home will be our largest financial transaction during our life! Attorney-owned and operated, Cay Title is here to guide you through this important milestone, answering any questions or concerns along the way.

What is Title?

Title is your right to own or use your property. Title also establishes any limitations on those rights.

What is a Title Search?

A title search is an early step in the closing process, searching the public records, to uncover issues that could limit your rights to or use of the property.

What is Title Insurance?

If you’re buying a home, title insurance is a policy that protects your investment and property rights.

There are two different types of title insurance: an owner’s policy and a lender’s policy.
1. An owner’s policy protects your property rights in the real estate you own. Either the buyer or the seller may pay for this policy; this is set forth in the real estate contract,
2. A lender’s policy only protects the lender’s financial interests in your property, and is almost always required when getting a loan.

Why Should I Purchase Owner’s Title Insurance?

Owner’s title insurance protects your investment in your property from certain future legal claims regarding ownership of your property. The policy also covers potential legal fees and court costs for settling claims covered by your policy

What Does Owner’s Title Insurance Cover?

Sometimes undiscovered defects can come up after the title search. Under an owner’s title insurance policy, you are protected against certain undiscovered errors in the title, including but not limited to:

· Outstanding mortgages, judgments, or liens against the property
· Pending legal action against the property that could affect you
· Unknown heir of a previous owner now claiming ownership of the property
· Forgery and Fraud
· Clerical errors in inconsistent paperwork and historical records

Title insurance premium is a one-time fee, which is low relative to the value of your home. The amount is established by the state of Florida’s promulgated rates.

What are the Closing Costs?

For a closing cost estimate, click our Title Quote App

DISCLAIMER: The statements contained herein offer only a brief description of title insurance and closing services and products and is meant for informational purposes only. Actual coverage, premiums, and eligibility may vary. Contact Cay Title for exact terms, conditions, exclusions, and limitations.