Answers general questions about residential real estate in Florida. More specific answers for the southwest area of Florida - Naples, Bonita Springs, and Estero Florida - Collier and Lee Counties. Will not answer any questions about commercial real estate or business brokerage.
Experience
Experience in the area: I have held a Florida real estate license since 1995 and Florida mortgage broker license since 1996. I have specializes in the residential real estate market as a full-time REALTOR since 1996. Currently a member of the Legal Resources Committee of the Naples Area Board of Realtors.
Organizations Naples Area Board of Realtors, Lake Placid Board of Realtors, Florida Association of Realtors, National Association of Realtors
Publications Have been interviewed by the local NBC, ABC, and FOX affiliates about correcting erroneous information on credit reports, local real estate market conditions, and foreclosures. Glenn authors Naples Real Estate Blog
Education/Credentials Bachelor of Science Degree in Accounting from Bentley College, Waltham, Mass.
Post graduate courses at Nova University.
Awards and Honors 2007 Best in Client Satisfaction - Real Estate Agent by Gulfshore Magazine.
2006 Best in Client Satisfaction - Real Estate Agent by Gulfshore Magazine.
Expert: Glenn Ginsburg Date: 1/24/2008 Subject: Title question
Question I am the sole owner of an investment property in Daytona. I have a still have a mortgage on this property.I would like to transfer all of my interests in this property to my mother in law. I called my title company asking about a quit claim deed and they said that I would need to pay title insurance. Why is that? Is a warranty deed better?
Answer Hello Hector,
Thank you for your question.
First, if you have a mortgage on the property in Daytona, you need to speak with your lender about transferring the property to your mother-in-law. The property is the collateral for the loan.
After speaking with a title company representative here -you may want to consider the use of a warranty deed rather than a quit claim deed. The quit claim deed breaks the chain of title. The warranty deed continues the chain and will provide better protection for your mother-in-law should a challenge to title arise.
On a transfer of ownership of real estate - according to the title company here - there will be a charge for title insurance and documentary stamps on the deed.
