Blog Archives

Title Insurance Vital to Protecting Homebuyers – Part II

*Part II

Unlike most other types of insurance, you pay a one-time premium at the time of your home purchase for coverage that continues as long as you or your heirs own the property. Depending on where you live, the cost of an owner’s policy is marginal when a lender’s policy is also being issued.  This “simultaneous issue” discount means you do not pay full premium for owner’s and lender’s policies. You may even split settlement costs with the seller for the lender or owner’s policy. Depending on the state, rates are set by the state’s Department of Insurance or by the companies themselves. Consumers should ask their local title company how rates are determined and what services are included in the rate for where they live. Read the rest of this entry

TENANCY BY THE ENTIRETY

When people think of the “American Dream,” they think about working hard, paying down their mortgage, and giving their families a good, comfortable life. However, with today’s litigious society, paying down your mortgage could create unnecessary financial exposure. Thankfully, if you’re married, Florida offers a distinct form of property ownership called “Tenancy by the Entirety” which would protect the home in certain situations. Read the rest of this entry

Your Home in a Ch.7 Bankruptcy…

This week we will be discussing some bankruptcy fundamentals as a prerequisite to the upcoming blogs about Florida exemptions and when not having equity in your home can actually be a “good” thing. Read the rest of this entry