Title Insurance

If you’re in the process of purchasing or selling a new property, your Realtor, Lender or Attorney may recommend a specific title insurance company. It is your right to choose which title insurance company best fits your needs. We can handle all your residential and commercial transactions that occur in the state of New Jersey.

Here at Majestic Title, we offer the provision of title insurance to protect owners and mortgage lenders from potential losses. These losses occur from defects in the title to real property or from the invalidity or unenforceability of mortgage liens.

We offer both lender’s as well as owner’s policies to accommodate all your title insurance needs. Our experienced staff has a combined 50 years of industry knowledge and experience to help you through the buying and refinance process seamlessly. We pride ourselves on the optimal customer service experience from beginning to end in any of your real estate transactions.

Over the past several years, title insurance has grown considerably, and the demand for such is predicted to increase in the foreseeable future. With so many homeowners refinancing, as well as purchasing new homes, title insurance has become a necessity providing an added layer of protection for your investment. Choose the company that will offer you the best options and service now and in the future.

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Title Insurance – An Overview

Although a traditional insurance policy protects the insured party against any possible future loss, title insurance offers something a little different. Title insurance is protection from the day you buy the property going backwards. It looks at the history of the property and how it came to be what it is when you take ownership.

For a lender, title insurance will insure the priority position of the lien on a property to protect your investment in the homeowner.

Who Is Protected By Title Insurance?

There are two distinct kinds of title insurance, an Owner’s Title Policy, and a Loan Policy. Lenders require mortgagors to take out title insurance when funding their property purchases or refinances so their security in that property is protected. Property owners, on the other hand, buy title insurance to guarantee their own investment is safe for as long as they own the property. Owner insurance is a one time fee and your only protection for your investment.

How Does Title Insurance Offer Protection?

When you purchase a title insurance policy, extensive title searches are carried out for that property. These searches minimize the possibility of the property owner being held liable if a title issue is discovered at some time in the future. The title examiner assesses the title through analysis of the home’s ownership chain, checking that it was passed by will, gift or sale to the right person. Title checks also ensure no legal claims are current against the property, such as mortgages or other liens, which means the title cannot be transferred to another owner. After the owner has purchased and taken possession of his or her property, having title insurance defends against any possible litigation that would challenge the legality and validity of the property’s new owner.

Is Title Insurance Worth The Investment?

Title insurance, unlike regular insurance policies that are paid on a monthly basis, is only paid once – normally at the time the property is purchased. The cost of the insurance varies according to the home’s purchase price or property value if bought separately from a purchase. While some people believe it is an expense that could be avoided, title insurance protects a high number of insured parties every year. The insurance provides protection from problems highly unlikely to ever be detected by ordinary purchasers. Title insurance fees are strictly regulated throughout the state and therefore, you will not see a significant difference in cost between title companies.

For this reason, service is the most important component of the purchase of your title insurance. You need a reputable title agency that has the experience, knowledge, and care to ease your transaction.