Imagine receiving a letter stating the previous owner stopped making their car payments and your home is going to be sold to pay the debt. These scenarios can happen to every unprotected homeowner. If you have ever spoken with somebody who has purchased a property then you likely know just how complicated the process can be. With so many forms, fees, applications, policies, checks, reports, and everything else going on, it’s easy to overlook important aspects.

How to Protect Your Title

One of the most important aspects of buying a home is undoubtedly title insurance. However, many homeowners seem unaware that the product exists. From years of providing financial protection to homeowners, Riva Title Company has the following post to share with information about title insurance in Coral Gables, FL.


Distributing inheritance can be a tricky business. With many different requirements, it can be difficult to manage. For example, if a property is passed down to three surviving children, however, one of them has become estranged, it can be difficult to settle the will without the third signature to accept ownership. In the ideal scenario, the third person would be located and they would receive their owed share of the home’s title. But what if that signature was faked and the transfer occurred to only two of the named children?

Security for a Loan

When somebody takes out a large loan, the provider often requires a certain level of security. This security can come in the form of a home’s title. Prior to a seller placing their home on the market, the owner can speak with their bank and arrange for the mark or security placed against the title to be removed and to be placed on another item outside of the title. But what if the owner didn’t contact the bank and left the mark against the title of the home? Again, this isn’t something that you want to think about, but it can happen every day during home sales. To protect your home against situations like these, speak with a professional at Riva Title Company at 786-787-7888 to learn about how title insurance in Coral Gables, FL can protect the title of your home and protect you against financial repercussions.

What Happens in the Above Situations?

As unpleasant as the above scenarios are, and as much as they don’t have anything to do with you, they can very much impact your home ownership. Let’s look a little deeper. Inheritance Continuing with the inheritance example above, give some thought to the third nominee who was never notified about the inheritance. While it may have been 10 years ago, they have now discovered that they should have received a portion of the title. The title of the home that you now own. Security for a Loan Keeping with the loan example above, imagine that, once the title has transferred to you, the previous owner ceases to pay their financial obligations to the bank. When the bank doesn’t receive their money they look for the security placed against the loan In these situations, both the nominee and the bank have a very legal right to lodge a claim against the title of your home. However, they aren’t looking to take over the home, they will both look for the property to be foreclosed and sold at auction. That’s right. Your home can be sold at auction for whatever price it receives, purely for the purpose of paying for somebody else’s deception or to pay for somebody else’s debts.

How Can You Protect Yourself and Your Home?

Title Insurance in Coral Gables, FL is the product that can provide protection against situations like the ones mentioned above. The process of obtaining title insurance involves a highly trained professional investigating your potential home’s title, including all previous ownerships and the process and legality of any transfers that occurred. They can also uncover if there are any debts or securities listed against the property. This information is invaluable to know prior to settlement, and even prior to offering your final purchase price. It also gives you and the owner the opportunity to resolve any discovered outstanding concerns before you sign the paper and receive the keys. Once the title insurance agent is satisfied that the title and its history are unmarked, a title insurance policy is prepared and issued. After a small one-time fee, you as a future homeowner are financially protected as per your policy against situations like the ones discussed in this article.

Get Comprehensive Title Insurance in Coral Gables, FL

Getting title insurance in Coral Gables, FL to protect your investment isn’t difficult, but it does need to be completed prior to settlement of the house and the keys being handed over. Before you sign, speak with a professional at Riva Title Company by calling 786-787-7888 and get the process started to financial protection.