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Faqs

What is the real estate process in New Jersey?

  1. Contract drafted with buyer and seller’s agents
  2. Price negotiations
  3. Signed contract – MLS contract
  4. Goes to attorney for review
  5. Mark up contract
  6. Negotiations and addendums
  7. Money put down in good faith
  8. Order title
  9. Inspections and reviews
  10. Mortgage
  11. Title issued to all parties
  12. Title clearance
  13. Lender works to get mortgage commitment
  14. Lender and title coordinate and prepare closing CD
  15. Get fees and hit everyone in transaction
  16. Set up closing
  17. Send closer
  18. Close transaction

Why do I need title insurance?

When you purchase anything, you expect to be able to use it as you see fit. For most assets, this is fairly straightforward. But thanks to the special nature of real estate, and the fact that it has had many owners stretching back generations, unexpected claims could arise (regarding ownership or use) that could put your purchase in jeopardy. Title insurance protects you and the lender from losses should any defects in the title, hidden liens, or encumbrances come to light.

What does title insurance cost?

The price of a title insurance policy depends on the sale price of your property. Unlike other insurance products where payments are made again and again over time, title insurance premiums are only paid once when you close on your property.

What should I do if a claim is made against my property?

Contact your title agent. Title insurance was made for just this situation, and you have it. It’s like getting in an accident when you have car insurance. You are protected. Most title insurance policies cover legal expenses related to settling the claim. Find out details from your title agent or call the insurer directly.

What should I expect on the day of closing?

Check out our page The Day of Closing.

Any other questions?

Getting Started

Our goal is to treat you with personalized service by getting to know your goals and helping you to achieve success. We’ll partner with you to provide fast and accurate title and settlement services. By continuously analyzing our processes and integrating the newest technologies, we streamline our processes so you get faster turnaround times to meet your important deadlines. Start building a professional relationship with us today. Send an inquiry now.

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