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Title company assists families to buy houses

AL DIA TODAY

Nancy Domonousky y Gloria I. Robaina dueñas de Peninsula Title Services trabajan en su oficina ubicada en 4888 Babcock St. NE, Palm Bay.

Por Maria Sonnenberg
Para AL DÍA TODAY

PALM BAY — A home is the major asset for most families, but this asset could easily become a liability without the expert assistance of companies such as Peninsula Title Services in Palm Bay.

AL DIA TODAY

Gloria Robaina, closing manager/partner with Peninsula Title, highlights the importance of a title company in the home buying process.

As a full-service title insurance company, Peninsula Title Services is the liaison between seller, buyer, real estate agent and lender. The company helps clients ensure that all the requirements for settlement have been totally satisfied and the property in question does not harbor any hidden issues.

“We don’t represent the seller or the buyer,” said Gloria Robaina, closing manager/partner with Peninsula Title. “Our job is to represent the transaction.”

Without the expertise and guidance of a title insurance company, the prospective owner could get much more than he bargained for when he purchases a property.

“Once they sign for that property, they are stuck with the issues it may have,” said Robaina.

A real estate transaction is always a complex endeavor. Sellers may try and sell a house that may have many legal issues attached. A title company does a title search of the property by using a variety of public records to determine who has the legal right to sell the property and if the property has some restrictions or encumbrances that should halt the sale.

Title companies search the titles of properties to provide an accurate history of its ownership and to ascertain there are no outstanding liens, judgments and back taxes. This detailed examination of historical records concerning the property verifies the seller’s right to transfer ownership.

Without the help of a title company and title insurance, a home buyer has no recourse should an unknown party challenge the title of the property years from now or if unpaid taxes and liens surface on the property.

As added protection, Peninsula Title Services also offers title insurance, a form of indemnity insurance that insures the homeowner against financial loss from title defects and against lawsuits agains the title.

Although a majority of its customers are from Brevard County, Peninsula Title Services close on properties throughout Florida.

“We’ve done properties all over the state,” said Robaina.

Peninsula Title Services is a specialist in the U.S. Department of Housing and Urban Development(HUD) property title search, insurance and closing.

“We know the ins and outs of the special filing requirements for HUD,” said Robaina.

The company additionally provides Federal National Mortgage Association(Fannie Mae) and the Federal Home Loan Mortgage Corporation(Freddie Mac) title insurance, as well as service for sellers who are selling homes without a realtor’s assistance.

Fluent in Spanish, Robaina often helps Hispanic clients through the real estate closing process.

“We do a lot of hand-holding, so they feel comfortable,” said Robaina, a native of Colombia and a professional with 20 years of experience in the field of title searches and insurance.

Peninsula Title Services is located at 4888 Babcock St. NE, Palm Bay. For more information, call 321-726-6414 or visit peninsulatitleservices.com.

ESPAÑOL

Compañía de título ayuda a comprar casas

Por Maria Sonnenberg
Para AL DÍA TODAY

PALM BAY — Una casa es el mayor patrimonio para la gran mayoría de familias, pero éste pa-trimonio  podría fácilmente llegar a ser   una deuda  sin la ayuda especializada de compañías tales como “Peninsula Title Services”  en Palm Bay.

Como una compañía de servicios completos de títulos de seguros , “Pe-ninsula Title Services”  es el vínculo entre el ven-dedor, el comprador, el agente de bienes raíces y el prestamista con el fin de averiguar todos los re-quisitos para  los acuerdos, que hayan sido totalmente cumplidos  y  la propiedad mencionada no tenga ningún  asunto poco claro

“Nosotros no representamos al vendedor o al comprador,” comentó  Gloria Robaina, gerente de cierre y socia de Peninsula Title. “Nuestro trabajo es representar la transacción.”

Sin la especialización y el asesoramiento  de una compañía de títulos de seguros , el  posible dueño podría conseguir mucho más de lo esperado cuando adquiere una propiedad.

“Una vez firman el documento de dicha propiedad, ellos quedan afectados con los pro-
blemas que quizás ésta pue-
da tener,” dijo  Robaina.

Una transacción de Bie-nes Raices es siempre una labor compleja. Los ven-dedores pueden tratar de vender una casa que  pue-
de tenér muchos asuntos legales que se encuentran adjuntos a los documentos de la propiedad. Una compañía de título busca los datos de la propiedad usando una serie de registros públicos  con el fin de determinar quien tiene el derecho legal para vender el inmueble. Así mismo, buscan posibles limitaciones o gravámenes que impidan el desarrollo de la venta.

Las compañías buscan  un historial preciso de sus propiedades para asegurarse de que  all%A

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