Even if you own a home, you may not be familiar with title insurance. You may remember hearing something about it in the lead-up to your closing day, but you might not know all the details about the lender’s title insurance policy you paid for when you closed on your home. World Wide Land Transfer can offer you service as a … [Read more...] about The Top 4 Biggest Title Insurance Myths
Consumer Education
Do You Need a Survey When Buying a Home?
Would you buy a pair of shoes without knowing what size they are? Of course, you wouldn’t, but plenty of real estate purchasers buy property having no idea how big their plot is and where its boundary lines are located. If you are buying real estate, you may consider a thorough survey an unnecessary expense, but it is … [Read more...] about Do You Need a Survey When Buying a Home?
Do I Need Title Insurance for a Condominium Purchase?
While purchasing a condominium is similar to purchasing a single-family home in many ways, it’s also very different. When you buy a home, you own the building itself and the land it sits on; when you purchase a condo, you only own the space inside the unit. This could lead you to believe that you don’t need title insurance for a … [Read more...] about Do I Need Title Insurance for a Condominium Purchase?
NJ Title Insurance – Clouds on Title
A chain of title is not always perfect. Ownership rights of a property can be clouded by a number of potential liens as well as prior incompetence and maybe even fraud. Gaps or problems in a chain of title put a seller in a difficult predicament as these items need to be cleared by a NJ Title Company that is closing the … [Read more...] about NJ Title Insurance – Clouds on Title
New Jersey Title Insurance CSL Changes
The Department of Banking and Insurance approved a request from the New Jersey Land Title Insurance Rating Bureau for an increase in the charge for issuance of a Closing Service Letter ("CSL") from $25.00 to $75.00. The said increase is going into effect on June 1, 2012, and it applies to all applications for New Jersey Title … [Read more...] about New Jersey Title Insurance CSL Changes
New Jersey Title Insurance and Riparian Rights
As per Stewart Title Insurance Company there has been an increase in claims arising from the failure to take exception for riparian lands that have not been granted by the State of New Jersey. It made me realize and think that I bet most consumers nor real estate professionals even understand the ins and outs or even what … [Read more...] about New Jersey Title Insurance and Riparian Rights
NJ Title Insurance Industry Forces Recordation Law Change
As a New Jersey Title Company it has been very frustrating to have to deal with the antiquated recordation practices in the state of New Jersey. However, the NJ Title Insurance industry has finally succeeded in setting the path towards modernizing the recording laws with the passage of Assembly Bill A2565, signed into law on … [Read more...] about NJ Title Insurance Industry Forces Recordation Law Change
New Jersey Title Insurance & Mechanic’s Lien Issues
Over the past several years most New Jersey title insurance underwriters have seen a increase in mechanic's lien claims specifically on condominium projects. Problems arise when developers sell condominium units prior to completion of all construction on the condominium project. Mechanic's lien claims are then filed against the … [Read more...] about New Jersey Title Insurance & Mechanic’s Lien Issues
