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Home > Property Insurance Coverage > Title Insurance > SPANO ABSTRACT SERVICE CORP.
SPANO ABSTRACT SERVICE CORP.
A full service title insurance agency dedicated to providing quality and dependable service to their clients. Established in 1985, their unique combinations of experience and client support distinguish and separate them from their competition.
Sal has over 40 years of experience in the Title Insurance Industry. He has held positions such as Vice President and Senior Counsel to Security Title and Guaranty Company now Fidelity National Title for their Nassau, Suffolk and Queens divisions for approximately 20 years, during which time he chaired many Advisory Board meetings. Sal lectures extensively and enjoys discussing complex title issues with all members of the Bar.
Paul's background includes Title Examination and extensive experience in Title Closings spanning 20 years. Closing specialties include complex title and financing arrangements involving commercial properties and new construction. Paul's expertise in pre closing consultation and post closing follow up ensure a smooth transaction. Paul has participated in seminars on handling real estate transactions for the Title Industry as well as the Nassau Academy of Law.
As the industry expanded, title insurance companies and their agents began providing basic services to real estate sellers, buyers, lenders, brokers, developers, attorneys, builders, and others. The title insurance objective is to protect the parties concerned about real state deals by determining their rights and interests as well as to ensure the secure and quick transfer of property.
There are numerous problems that can arise when buying a house. A previous owner could have taken out a loan on the property, which would become the new owner's debt. In a separation or divorce, the previous owner could have taken out a mortgage without the knowledge of their partner. A lost heir could appear and stake a claim to the property. Title insurance protects new owners from all of these claims.
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