Title insurance is a unique form of insurance paid as a onetime fee usually at a real estate closing/consummation. Title insurance protects the insured from encumbrances against the property whether known or unknown, such as unpaid mortgages, liens, improper deeds, etc. There are two main forms of title insurance: 1) Owner’s Title Policy; and, 2) Lender’s Title Policy. The Owner’s title policy protects the purchaser of real estate up to the policy amount (generally the purchase price) from any title defects. The lender’s title policy protects the lender up to the loan amount for any title defect claims that may arise claiming another party has priority over their claim against the property.
At Crabtree Law Group, P.A., we are one of a small handful of title companies in Northeast Florida that is ALTA Third Party Certified to ensure that our office is fully compliant with all the Consumer Financial Protection Bureau (“CFPB”) laws. Our attorneys assists our clients by examining title searches, preparing title opinions, and reviewing potential title defects. Our closing department works closely with a national title insurance underwriter to issue title commitments and title policies to ensure that any home purchaser who closes their loan at Crabtree Law Group, P.A. can be at ease with their transaction.
As Crabtree Law Group, P.A. is a full scale law firm, we also represent a multitude of clients such as commercial banks, mortgage banking associations, or other institutional lenders. Being a full scale real estate firm with experience working with large scale lenders, Crabtree Law Group, P.A. has the necessary competence in handling commercial or construction loans.
Some of our services include:
Cash HUD Closings
Short Sale Negotiations
TITLE INSURANCE LITIGATION
Crabtree Law Group, P.A.’s attorneys are well versed in handling claims that may arise involving title insurance. Often times when an issue with title arises, hiring an experienced group of attorneys who understands the complexities of title insurance allows for comfort throughout the litigation process. By issuing title policies during closings/consummations, Crabtree Law Group, P.A. has the experienced background, knowledge, and legal team to assist walking our clients through the steps to recovery.
PURPOSE OF THIS NOTICE
The V of the Gramm-Bliley Act (GLBA) generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy and practices, such as the type of information that collects about you and the categories of persons or entities to whom it may be disclosed. In comliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Old Republic National Title Insurance Company and Crabtree Law Group, P.A.
We may collect nonpublic personal information about you from the following sources:
- Information we receive from you such as on applications or other forms.
- Information about your transactions we secure from our files, or from (our affiliates) others.
- Information we receive from a consumer reporting agency.
- Information that we receive from others involved in your transaction, such as real estate agents or lender.
We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law.
- Financial service providers such as companies engaged in banking, consumer finance, securities, and insurance.
- Non-financial companies such as envelope stuffers and other fulfillment service providers.
WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW.
We restrict access to nonpublic information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.