Did you know that Land Title Professionals play an important role in our national economy?
The public benefits from our work in the following ways:
At no cost to taxpayers, the land title industry collects $1.75 Billion per year in back income taxes.
At no cost to taxpayers, the land title industry collects $3 Billion per year in delinquent real estate taxes.
At no cost to taxpayers, the land title industry collects $325 Million in delinquent child support payments.
The land title industry spends $225 Million a year to correct errors in the public property records.
Our work brings down the risk of a mortgage loan, which reduces the cost of borrowing for the consumer because investors are more apt to invest in mortgages that are backed by GSEs and title insurance.
The above is an excerpt from an article on the Florida Land Title Association Website.
Note: No legal advice or suggestions are being given.
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