(386) 734-5766
Ability Title is a full-service title company serving Orange City, FL, meeting the real estate needs of buyers and sellers. Our professional staff will handle the entire real estate closing process, including title search, title insurance, and deed transfer. We serve home buyers throughout Volusia County, including DeLand, DeBary, Deltona, and Lake Helen, FL.
In Florida, homebuyers can choose to have a real estate attorney or title company handle their real estate closing. However, real estate attorneys typically don’t do the title search and title insurance themselves and contract it out to a title company. Our competitive rates, efficient and personal service, and the handling of all title services under a single roof are some of the reasons many homebuyers in Orange City choose our title company.
Title insurance protects the lender and or the owner from property claims that may arise due to defects in the title that were not discovered before closing. Essentially, there are two types of title insurance. The first is the lender’s title insurance. This protects the lender against any defects in the title that were not found during the title search. The second is owner’s insurance. This protects the property owner from any liens or property claims that may arise after the deed transfer and real estate closing. For example, if a title company missed a construction lien or another lien on the property, the initial title insurance company will protect the property owner from any loss up to the policy limits. Otherwise, the property owner would be liable for property liens and other omitted or undiscovered claims during the title search.
When you buy real estate, our title company prepares and handles all the necessary real estate documents for a successful closing, from title search and issuing title insurance to the distribution of funds and deed transfer. This also includes sending the final buyer’s/seller’s closing statement to all parties. We also handle escrow services, 1031 exchanges, and construction loan disbursement and servicing.
Visit our website or contact us at (386) 734-5766 to learn more about the real estate title services we offer in Orange City, FL, today!