Title Order Form & FAQs

THE OKEE-TANTIE TITLE COMPANY, INC. DIFFERENCE

At OKEE-TANTIE TITLE COMPANY, INC., we’re proud of our prestigious reputation.

Since issuing our first title policy in 1989, we’ve been an industry leader, providing thousands of title policies each day.

What’s more, we now offer rates that are lower than our competitors.

• Our rates and service make us the first choice among informed home sellers
• Our cutting edge technology makes us the first choice among informed home buyers.
• Our reputation for quality makes us the first choice for both sellers and buyers
• Even though we protect the titles of thousands of American homes, we stand behind each one as if it were our own.

To protect possibly the most important investment you’ll ever make – the investment in real estate.

A lender goes to great lengths to minimize the risk of lending money for the purchase of real estate.

First:

• Credit is checked as an indication of the borrower’s ability to repay the loan.

Second:

• The lender seeks assurance that the quality of the title to the property to be acquired and which will be pledged as security for the loan is satisfactory.
• The lender does this by obtaining a loan policy of title insurance.

The loan policy does NOT protect the borrower

The loan policy protects the lender against loss due to unknown title defects.

• It also protects the lender’s interest from certain matter which may exist
• This certain matter may not be known at the time of the sale.
• This loan policy only protects the lender’s interest.

The loan policy does NOT protect the borrower.

• That is why a real estate purchaser needs an Owner’s Policy
• Owners Policy can be issued at the same time as the loan policy, usually for a nominal one-time fee.

If the lender has title insurance protection and the owner does not, what possible danger of loss exists?

• As an example, assume real estate was purchased for $100,000.
• A down payment of $20,000 is made, and a lender holds an $80,000 mortgage lien, or beneficial interest.
• The lender acquires title insurance protecting the lender’s interest to $80,000.
• The purchaser’s down payment of $20,000 is not covered.

WHAT IF SOME MATTER ARISES AFFECTING THE PAST OWNERSHIP OF THE PROPERTY?

The title insurance company would defend and protect the interest of the lender.

The purchaser, however, would have to assume the financial burden of his or her own legal defense.

• If the defense is not successful, the result could be a total loss of title.
• The title insurance company pays the lender’s loss and is entitle to take an assignment to the borrower’s debt.
• The purchaser loses the down payment, other equity in the property that may have accumulated, and the property.

• The balance on the note is still due!

HOW CAN THERE BE TITLE DEFECT IF THE TITLE HAS BEEN SEARCHED AND A LOAN POLICY ISSUED?

Title insurance is issued after a careful examination of copies of the public records.

Even the most thorough search cannot absolutely assure that no title hazards are present, despite the knowledge and experience of professional title examiners

In addition to matters shown by public records, other title problems may exist that cannot be disclosed in a search.

Here are just a few of the most common hidden risks that can cause loss of title or create an encumbrance on title:

False impersonation of the true owner of the property.

Forged deeds, releases or wills.

Undisclosed or missing heirs.

Instruments executed under invalid or expired power of attorney.

Mistakes in recording legal documents.

Misinterpretations of wills.

Deeds by persons of unsound mind.

Deeds by minors.

Deeds by persons supposedly single, but in fact married.

Liens for unpaid estate, inheritance, income or gift taxes.

Fraud.

WHAT PROTECTION DOES TITLE INSURANCE PROVIDE AGAINST DEFECTS AND HIDDEN RISKS?

Title insurance will pay for defending against any lawsuit attacking the title as insured, and will either clear up title problems or pay the insured’s losses.

For a one-time premium, an owner’s title insurance policy remains in effect as long as the insured, or the insured’s heirs, retain an interest in the property, or have any obligations under a warranty in any conveyance of it.

Owner’s title insurance, issued simultaneously with a loan policy, is the best title insurance value a property owner can get.

Most home sellers and buyers have been informed that obtaining title insurance will provide them necessary protection over possible title defects

Many remain uncertain about why this is so – or even about what title insurance is.

At OKEE-TANTIE TITLE COMPANY, INC., we believe we have everything to gain by throwing some light on the subject.

The more you know about title insurance and its pricing, the more confident you’ll be about coming to us for a policy.

A SELLER’S CONCERN:

HOW MUCH DOES IT COST?

A title insurance policy form the OKEE-TANTIE TITLE COMPANY, INC. is much more cost-effective than the other kinds of insurance you have had to purchase.

For a single, one-time-only fee, we provide a title policy that remains effective until the property is sold to a new owner

• even if that doesn’t occur for decades.

OKEE-TANTIE TITLE COMPANY, INC.’s price structure is among the lowest

• giving you the most respected name in title insurance at highly competitive rates.
• 

WHY DOES THE SELLER NEED TO PROVIDE TITLE INSURANCE?

Any prospective buyer will need evidence that his investment in your property is free of title defects.

Your contract of sale probably requires it.

The title insurance policy that you provide the buyer is a guarantee that you are selling a clear title to your real estate, unencumbered by any legal attachments that might limit of jeopardize ownership.

OKEE-TANTIE TITLE COMPANY, INC. name carries special authority:

• It reassures your buyer that the title has passes the most careful scrutiny.
• In addition, it can help your deal close more quickly and easily.

WHY DOES THE BUYER NEED TITLE INSURANCE?

Without a title insurance policy, you may not be fully protected against errors in public records, hidden defects not disclosed by the public records, or mistakes in examination of the title of your new property.

As a result, you may be held fully accountable for any prior liens, judgments or claims brought against your new property.

However, your policy insures that if such an occasion arises, you will be defended free of charge against all covered claims and paid up to the amount of the policy to settle valid claims.

OKEE-TANTIE TITLE COMPANY, INC., title insurance policy, is backed by our vast resources and the strongest Underwriters in the United States with most financial strength!

• You need never worry that your new property’s history will tarnish your bright future.

OKEE-TANTIE TITLE COMPANY, INC.
105 NW 6th St., Okeechobee, Florida 34972
Email: okeepackage@earthlink.net
Fax: 863-763-0541

WHERE DO WE SEND THE FIGURES FOR CLOSING?

OKEE-TANTIE TITLE COMPANY, INC.
Fax: 863-763-0541
Email: okeepackage@earthlink.net

The best way to place an order is through the WEB page. It has all the need information that will insure fast and accurate service. You can find the order form on our WEB Page under the title of “ Place Your Order” . If you choose to Fax Your Order please fax it to: Fax: 863-763-0541

WHAT INFORMATION SHOULD THE BANK SEND?

The name of the Bank that will be Loaning the money. The address of the Bank that will be loaning the money. The phone number of the Bank that will be loaning. The Legal Description of the property being mortgaged. The name of the Borrowers. The address of the Borrowers. The phone number of the Borrowers. A copy of the Real Estate Contract for sale.

WHAT ITEMS WOULD MAKE THE CLOSING CLOSE SOONER?

If this is a mobile home provide a copy of the mobile home title, if possible.

THE LENDER SHOULD PROVIDE SPECIAL REQUIREMENTS SUCH AS:

If the Lender Requires a closing protection letter. We will need to know the address and fax number of the lender for this letter. If the lender requires any other special requirements please let us know when placing the order so that we may be able to expedite your order.

The number one item to insure the fastest and most accurate closing is information. Most sellers and buyers the ability to control the speed of the closing. One example is the original owners policy that was issued to the seller. If they provide us with the owners policy we can reduce the closing time by several days. Another item that is forgotten till the day of closing, is the mobile titles. Mobile home titles should be given to the closing agent at the time the file is opened. If you have a mortgage, the bank maintains the original titles till the closing agent pays the mortgage off. If you do not have the titles please inform the closing agent that there is a mobile home involved so that adjustments can be made.

INFORMATION THAT WILL HELP SMOOTH THE CLOSING PROCESS

Make sure that you have given the closing agent your correct spelling of YOUR NAME, YOUR SOCIAL SECURITY NUMBER, ADDRESSES, TELEPHONE NUMBERS, THE TIME YOU WISH TO CLOSE, IF YOU HAVE A MORTGAGE, WERE YOU MAKE YOUR PAYMENTS, THEIR TELEPHONE NUMBERS AND ETC.