REO’s IN NEED OF TITLE COMPANY IN WEST PALM BEACH

With bank owned properties on the rise, proving clear title and having a credible Title Company in West Palm Beach is MORE needed than ever before. Title companies in West Palm Beach provide title insurance for buyers in a REO saturated market.

Title Companies are finding more and more often that banks possess properties with undisclosed or known liens putting buyers into frustrated and overwhelmed positions during the buying process. Title companies in West Palm Beach are there to prevent and protect the sale of the property for the buyer.

For REO properties, the bank will issue a special warranty title which only guarantees the period of time the bank owned the property. During discovery should title issues arise, any of which were prior to bank ownership the buyer will be liable not the bank. Any liens attached to the property after closing BUT before the deed is recorded would also be  the buyers responsibility.

Title companies provide title insurance that has ‘gap coverage’ and will cover a buyer should these title issues arise after closing. In addition to acting as your Title Company in West Palm Beach, a Title Attorney will review contracts, make changes and represent the buyer in all aspects of the process that require  legal expertise.

With the uncertainty of clear title with bank owned properties,There is no better decision a buyer can make in the process of home buying than choosing the right Title Company, a Title Attorney in West Palm Beach.