A new title insurance policy is required when real estate is transferred from seller to buyer. In most Florida counties, it is customary that buyers’ title insurance is paid for by the seller. It is the warrantee in the warrantee deed. If the buyer is taking out a loan, the lender will require a title policy to protect them as well. Often that is called simultaneous issue, saving the buyer money on the second policy.
You are welcome to call me if you have any questions on this or other aspects of a real estate transaction. Or if I can help you sell or buy your home.
Jean Scott, REALTOR®, CRS® GRI®
Lead Listing Specialist
The Jean Scott Team
Keller Williams Advantage Realty
1351 Alafaya Trl Ste 100
Oviedo, FL 32765