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
NJ Title Insurance
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
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
