FAQs on Nationwide Title Group Services
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“Title” is the foundation of property ownership. It means you have a legal right to possess and use the property within the restrictions imposed by authorities or limitations set by previous owners.
The legal definition is “the application of insurance principles to hazards inherent in real estate titles.”
Most definitely! Title insurance protects you from financial loss if issues arise regarding ownership rights to your property. There may be hidden title defects that even the most thorough title search cannot uncover. In addition to financial protection, title insurance covers the cost of defending against any covered claims.
No other property has a useful life comparable to land. While owners come and go, land remains. Unlike other goods that can be moved at will, land is immovable and subject to numerous rights and claims. Over time, legal systems have created complex laws specific to land ownership, making it impossible to guarantee absolute certainty of ownership.
Not necessarily. There are two types of title insurance:
- Lender’s Policy – This policy, typically required by lenders and paid for by the borrower, only protects the financial institution by ensuring its lien is valid and enforceable.
- Owner’s Policy – This protects you from title defects that existed before your policy’s issue date, such as improper estate proceedings or pending legal actions that could threaten your equity. If a valid claim arises, your owner's policy covers both financial loss (up to the policy amount) and the full cost of defending your title.
A title defect is any issue in the ownership history of a property that could disrupt your right to peaceful enjoyment or cause you to lose part of the property.
If a problem arises with the title, your legal recourse would be against the seller, which depends on their ability to pay. Attorney’s fees and other expenses would not be covered.
No one can guarantee a clean title without proper verification. Title insurance provides protection beyond verbal assurances.
You notify the title insurance company, and they will defend your title—even if the case goes to court. The title company covers all expenses.
The one-time premium is based on your home's value. It is usually more affordable than your annual auto insurance and is only paid once—when you purchase your home. Coverage lasts for as long as you or your heirs own the property.
In Florida, title insurance premium rates are regulated. However, additional fees—such as search and examination, closing costs, wire transfers, FedEx/courier fees, and endorsements—may vary between companies.
Yes! We serve as a central clearinghouse for all parties involved, ensuring proper documentation, adherence to the lender’s title instructions, and accurate payment and fund distribution. From start to finish, we are fully prepared to assist you throughout the transaction.
At Nationwide Title Company, we offer in-house Remote Online Notaries (RONs) to make your transactions easier, faster, and more secure. Here are some of the key benefits of using RON:
- Convenience and Accessibility
- 24/7 Availability: Our remote notaries can work outside traditional office hours, making it easier for you to get documents notarized when it’s convenient for you—evenings and weekends included.
- Location Flexibility: You can complete your notarization from anywhere in the world as long as you have internet access.
- Faster Processing Times
- No Need for Physical Presence: No waiting for all parties to be in the same room—RON allows you to complete the process virtually.
- Quicker Document Turnaround: Avoid mailing delays by completing everything online.
- Cost Efficiency
- Reduced Travel Costs: No need to spend time or money traveling to an office.
- Lower Transaction Fees: Often more affordable than in-person notarizations.
- Increased Security and Compliance
- Digital Records: Secure, tamper-evident digital records of every transaction.
- Advanced Identity Verification: Multi-factor authentication reduces fraud risk.
- Audit Trails: Detailed logs provide complete transparency and compliance.
- Streamlined Processes for Businesses
- Seamless Integration: Ideal for businesses handling high volumes of documents.
- Paperless Transactions: Fully digital, environmentally friendly, and efficient.
- Expanded Client Reach
- Nationwide Service: We can notarize documents for clients anywhere in the U.S.
- Convenient for Remote Workers: Perfect for clients who work remotely or travel often.
- Improved Client Experience
- Less Stressful Process: Fast, simple, and convenient.
- Transparency: Watch the notarization process live through a secure video conference.
- Legal Validity
Legally Recognized: RON is legal and binding in many states, ensuring the same validity as traditional notarizations.