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Florida Foreclosure Buyers Get Perks: Weston Title Offers Foreclosure Title Insurance
Buying in the murky foreclosure waters is not quite as dangerous as swimming with the sharks thanks to foreclosure title insurance, says Attorney Roy Oppenheim. More than 500,000 foreclosure filings entered Florida's books in 2009, and those properties now saturate the South Florida real estate market. While these economic times are challenging for most, they can be the best time for some South Floridians to capitalize on an unprecedented opportunity who want to purchase foreclosures. Foreclosure buyers can now add a perk to their deals with foreclosure title insurance. While purchasing foreclosed properties at deep discounts sounds like an enticing business proposition, ensuring the properties are free of additional liens through foreclosure title insurance is now an added layer of protection, according to Oppenheim, a South Florida real estate attorney and legal blogger. According to Weston Title, title insurance costs vary and are based on a set formula mandated by the State of Florida. As an example, a $100,000 foreclosure sale costs approximately $700 to insure, while a $500,000 sale is approximately $2250. "Weston Title's foreclosure title insurance gives foreclosure buyers additional protection in this unpredictable real estate market," noted Ellen Pilelsky, President of Weston Title. "Buyers now have some peace of mind through title insurance and can take advantage of existing deals in the market while eliminating some of the risks associated with purchasing a foreclosure." Foreclosure title insurance from Weston Title ensures the party offering this property for sale has the legal right to do so, that there are no liens and judgments that may cloud title preventing the buyer from owning exactly what is intended for purchase. Weston Title has a fast turnaround capability, and an overnight production team able to assist foreclosure buyers and agents. About Weston Title: Address: 2500 Weston Rd, Ste 404 in Weston, FL 33331. Phone: 954.384.6114 Learn: http://www.oppenheimlaw.com Fan: www.facebook.com/oppenheimlaw Close: http://www.westontitle.com Follow: http://twitter.com/oplaw Subscribe: http://southfloridalawblog.com Watch: http://www.youtube.com/user/oppenheimroy This is a news service of Thomson Business Intelligence Service ©2006. This content is for your personal use only, subject to Terms and Conditions. No redistribution allowed. |