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Freedom Abstract Corp., conveniently located in western
Suffolk County, was established in 2003. The company has
quickly established a reputation for accuracy and exemplary
customer service. The staff prides itself in providing its
clients with fast turn times enabling them to close quickly.
Clients include Real Estate Attorneys as well as Mortgage
Industry professionals for both residential and commercial
transactions. As agents for both Stewart Title Insurance
Company and LandAmerica/Commonwealth, Freedom Abstract is able
to offer clients the knowledge, reputation and protection of two
of the title industry's leaders.
TITLE INSURANCE SERVICES
Title insurance protects both the homebuyer and lender in
real estate lending transactions. The Lender or Loan policy
protects the lender's interest in the property, should an issue
arise. The homebuyer is protected with the Owner's title
insurance policy; it protects the policy holder or their heirs
for as long as they hold an interest in the property. In New
York, a simultaneous issue charge - typically a lower fee - is
rendered for the Owner's Policy.
TYPES OF
RISK ELIMINATION
The search and examination determines whether the property
is insurable. As the title company, we will present all risk
concerns which may be evident. For example:
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Incorrect
names or improper wording;
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Outstanding judgments, mortgage or liens;
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Easements;
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Pending
legal action against the property;
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Incorrect
or improper notary acknowledgments.
Areas of concern are corrected prior to closing, whenever
possible. Should a hidden hazard appear after closing, Freedom
Abstract Corp. and its underwriters will be there to assist and
offer protection.
Freedom Abstract Corp. is experienced in both residential
and commercial title transactions. The company also offers
Cooperative, Foreclosure and Last Deed searches to its clients
as well as courtesy recording services.
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