Expetitle Blog | A Florida Title Company

March 11, 2020

The 3 Things That the Best Miami Title Insurance Company Should Provide

The closing procedure must be free from stress and easy to understand from the client’s perspective. Due to this, the best Miami Title Insurance Company must work hard to provide the most convenient closing experience for their clients. They must accomplish their responsibilities, such as payoff negotiations, taking care of the required paperwork, and title clearing.

March 4, 2020

Spotting and Avoiding Title Fraud in South Florida

In the real estate world, there are many dangers buyers need to look out for and title fraud is one of them. Title fraud occurs when an individual alters the title or ownership of a property in a fraudulent way. In Florida, avoiding title fraud can be relatively easy. In fact the majority of cases related to title fraud occur due to ignorance, which leads to the careless handling of personal information during real estate transactions.

February 6, 2020

Mortgage Basics: What is FHA, and How Does It Work?

The Federal Housing Administration (FHA) is a government-created entity that essentially runs and manages an insurance pool to help lenders manage mortgage risks.The insurance fund program was created in 1934 as part of the National Housing Act. Its creation came in the wake of the Great Depression and a wave of bank failures that made getting a mortgage nearly impossible. The FHA’s premise is that in exchange for making mortgages under common standards, lenders would be indemnified against losses on mortgages they made. The FHA was the mainstay of the mortgage industry until the creation of Fannie Mae (1938) and Freddie Mac (1970), whose mortgage missions were different and whose roles in the market have changed over time.

February 6, 2020

Homeowners Insurance: What is It and What Does It Cover?

Homeowners insurance is a specific type of insurance policy that protects homeowners against losses and damage caused by perils such as fires, storms, or burglary. It also covers legal costs if someone is injured in your home or on your property. Earthquake and flood coverage is typically not included in standard homeowners insurance policies, but you may be able to add on this additional coverage (flood insurance is often required in flood zones). Your home insurance premium is typically paid monthly, along with your monthly mortgage payment.

February 6, 2020

Remote Online Notary in Florida

Anyone who has sold real estate or obtained a mortgage in Florida has experienced the need to have a notary public acknowledge the execution of the deed or mortgage. For many, finding a qualified notary public can be inconvenient, time consuming or sometimes practically impossible (such as for those who reside and work outside of the country).A bill recently signed into law by Gov. Ron DeSantis authorizes the use of remote online notarization in Florida, making it one of more than 20 states to allow signers and notaries to use audio and video communications.

February 6, 2020

“What is the Homestead Exemption?” is locked What is the Homestead Exemption?

The word “homestead” may conjure up images of pioneers staking their claim on the open prairie, but for legal purposes, a homestead simply means a person’s primary residence. The homestead exemption generally protects a primary residence from forced sale — that is, having to sell the home to pay off creditors. The exemption was designed to help a surviving spouse and children keep their home. It also protects a debtor’s residence if the debtor files for bankruptcy. In most states, this protection is not automatic. Homeowners must file an application for homestead exemption with the appropriate government office.

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