Welcome to Trinity Title of Pasco.
complete title and escrow services throughout the entire State of
Florida. Our mission is to provide our customers with the best
service in the title industry. You can expect prompt, accurate,
quality title services at a reasonable price. We focus on YOU, the
customer. We understand your needs and will exceed your
expectations by providing customized service. Our experienced
staff is just a phone call away and is ready to handle all of your
title insurance needs.
Evenings: (727) 992-2807
Fax: (727) 372-2903
Online Request Form
What is title insurance? Real estate title
insurance, unlike most types of insurance, insures the property
title for the time period extending backward from a point in
time rather than forward. This means that when a buyer purchases
a piece of Florida real estate, a Florida title insurance policy
insures that the buyer is protected if a defect in the property
title is discovered.
Example title defects may include, but are not
limited to, any the following situations:
* The seller has fraudulently sold the
property to another recent buyer.
* A prior seller has fraudulently sold the property to more
than one buyer.
* The seller purchased the property while committing
* The boundaries may be incorrect and part of the property
may actually be owned by an adjacent neighboring property owner.
* There may be an easement burdening the property which
limits the uses and thereby decreases the value of the property.
* Structures on the property may encroach onto easements or
an adjacent property.
* The seller or prior seller may have outstanding personal
judgments which could attach to the property.
* Foreclosure sale issues
These are just a few
examples of the issues that can affect the title of property.
There are many other potential problems, including issues
involving real estate developers, condominium conversions,
permit liens, utility liens, survey errors or omissions, water
rights and access, docks, condominium association mortgages,
foreclosure liens and filings, and mortgage fraud.
A Lender will typically
require a mortgagee title insurance policy to provide a
guarantee of the quality of their collateral. Most Lenders also
require additional Florida title insurance endorsements, which
increase the protection for the lender, and have additional
Florida title insurance rates.
An escrow, sometimes referred to as a
closing, is an arrangement in which an impartial third party
called an escrow holder becomes the depository for all monies,
instructions and documents pertaining to the transaction on
behalf of a buyer and seller and/or lender after you enter into
an agreement with a lender or mortgage broker to refinance your
home, sign a contract to buy or sell a home or any other
property. The funds are distributed and documents are recorded
only in accordance with the written instructions received from
the parties. Once all the terms and conditions of the written
instructions of all parties have been fulfilled, and all closing
conditions satisfied, the escrow is closed and the transfer of
property and money is accomplished.
People buying and selling real estate often
open an escrow for their protection and convenience. The buyer
can instruct the escrow holder to disburse the purchase price
only upon the satisfaction of certain prerequisites and
conditions. The seller can instruct the escrow holder to retain
possession of the deed for the buyer until the seller's
requirements, including receipt of the purchase price, are met.
Lenders regularly open an escrow to ensure that loan proceeds
are not disbursed until the lender has a valid lien recorded
against the borrower’s property to secure their loan. All
parties rely on the escrow holder to faithfully carry out their
mutually consistent instructions relating to the transaction or
to advise them if any of the instructions are contradictory or
cannot be completed.