FAQ

Most kinds of insurance are self-explanatory. Fire insurance protects against losses from fire. Collision insurance guards against the cost of a dented, damaged car. But what does it mean to insure your title to real estate? Real estate has always been considered a valuable possession. It is so basic a form of wealth that many…

A real estate purchase is usually one of the best and most important investments you can make. A home is probably the largest single purchase you will make. You protect your property against fire and other casuality damage with homeowner’s hazard insurance, but what about protecting your title–your right of ownership? Title problems are defects…

When you refinance you are acquiring a new loan, even if you stay with your initial lender. Your lender will require title insurance to protect their investment in the property. Even if you recently purchased or refinanced your home, there may be some problems that could occur with the title. For example, you might have…

The Owner Policy is valid for the time your policy was issued until you choose to sell (transfer deed) your property–be that one year or twenty years of ownership. The Lender Policy is valid through the life of the loan. A Lender’s Policy may be passed to another lender/mortgagee through an assigment of the loan,…

In New Jersey, title insurance is strictly regulated and enforced. A title company must calculate the premium according to the rates set forth by the NJ Division of Banking and Insurance. What this means is that no matter what company you decide to use, the premium should be the same. Additional pass through fees in…

1st Rate Title charges a settlement fee of $300.00 for normal business hour closings that occur in our office. We charge $350.00 for out of office closings during business hours and $375.00 for outside of regular business hour closings. Additional pass through fees may include wire fees to the bank, recording fees to the County…

We always recommend that you have an attorney. Title Companies are permitted to act as Settlement Agents; however, the representation is limited. Title Companies and/or agents under law are not permitted to give any legal advice nor practice law without a license.

In “ONLY” the case of a purchase would a survey be required to be submitted to us unless a Lender requires you obtain one. We can order a survey for you, or you can order one yourself from the surveyor of your choice. In some cases an old survey may be accepted as long as…

The following are some of the types of title defect that would adversely (negatively) affect your property: Forged deeds, mortgages, satisfaction or release of mortgages and other instruments False impersonation of the true owner of the land or his consort Instruments executed under fabricated or expired power of attorney (death or insanity of principal) Deed…