Frequently Asked Questions
Here we have listed a few answers to frequently asked questions regarding title insurance, property search, liens and more.
General Questions
How much does title insurance cost?
In most states including NY and NJ, the premium rates are set by the state, meaning that the cost of coverage is the same no matter which company you choose. It is important to hire a knowledgeable title agency because in some cases you may be entitled to a re-issue rate which can result in a dramatic rate reduction.
Who pays for title insurance?
In most cases, it is the homebuyer’s responsibility to pay for both the owner’s policy and the lender’s policy. The premium is added within the closing costs.
Do I have to purchase title insurance?
No, you are not required to have title insurance. It is for your protection, however, if you choose not to purchase you can leave yourself open to a potentially devastating loss if the property turns out to have a defective title. If you are carrying a mortgage, the lender will usually require one to protect their interests.
What is a property search?
All government records and other associated records are searched and gone thru to ensure the property has a clean title and is free of any encumbrances. A final report is completed by legal authorities in the field and is given to the homebuyer to prevent future problems down the road.
About Our Services
Title Insurance
One of the services we offer is the provision of title insurance to protect owners and mortgage lenders from potential losses.
Settlement Services
Our office personnel consists of licensed and experienced title producers, notaries and settlement agents.
Property Searches
Our reputation in the professional community can only be described as reliable and trustworthy with a professional team experienced in meeting your title needs.
Lien Searches
We have years of experience in the searching of public records. We perform public record searches at the local level, state level, federal level, as well as internationally. We are familiar with the various search logic methods used in these recording offices and are able to conduct expedient and accurate results.
Office
472 US Highway 22, Whitehouse Station, NJ 08889, USA
Call Us
(908) 823-9100
Email Us
Info@majestictitle.com
Office
472 US Highway 22, Whitehouse Station, NJ 08889, USA
Call Us
(908) 823-9100
Email Us
Info@majestictitle.com
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