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
Title Insurance Blog
New Jersey Title Insurance Settlement Fees
NJ Settlement Fees Unlike other states the State of New Jersey mandates not only the charges for NJ Title Insurance but also the actual settlement fees. In many states it is common for a buyer/borrower to not have to pay any closing fee, especially when settlement is held at the title company. However, a NJ Title Company must … [Read more...] about New Jersey Title Insurance Settlement Fees
New Jersey Title Insurance Rates
The New Jersey Title Insurance Rating Bureau sets out the rating schedule on how to determine the state mandated title insurance charges. In NJ instead of a percentage (%) discount the refinance and reissue rates are based merely on a lesser amount per thousand dollars of coverage. This creates a bit more confusion for … [Read more...] about New Jersey Title Insurance Rates
