No drama. No hassles.
Providing New Jersey with great title insurance and closing services since 2006.
contact usRequest A QuoteABLE TITLE AGENCY, LLC
No Drama. No Hassles.
Providing New Jersey with great title insurance and closing services since 2006
Learn MoreOur Services
We focus on making your purchase or refinance proceed as smoothly as possible. Our knowledgeable and professional staff is dedicated to resolving all issues in advance of the scheduled closing date so that you can close with confidence. You can count on our experience to navigate all aspects of the closing process.
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We have helped countless, individuals, couplies, families and companies close their purchases and refinances.
We focus on making your purchase or refinance proceed as smoothly as possible
Frequently Asked Questions
What is title insurance?
Title Insurance, like any other insurance, protects the buyer of real estate against risk. The title policy protects against the risk that someone has a past claim on the property. That someone could be the State, the Federal government, heirs of an estate, an individual who previously owned the property, a municipality, or bank to name a few examples.
Why do I need it?
If you are purchasing real estate and taking out a loan from a bank to purchase, as most people do, the bank will require you to obtain a Lender’s title insurance to protect their loan and interest in the property against any potential past claims. Your attorney will most likely also strongly recommend you obtain for yourself an Owner’s title insurance policy to protect you personally. In a refinance, the Lender will require you to purchase a Lender’s Policy to protect the Lender even if you already bought one when you purchased the property. Title insurance is a means of protecting the Lender and yourself from financial loss in the event that problems develop regarding the rights to ownership of your property. There may be hidden title defects that even the most careful title search will not reveal. In addition to protection from financial loss, title insurance pays the cost of defending against any covered claim.
If my Lender is obtaining a policy, why do I need an Owner’s Policy?
There are two types of Title Insurance. Your lender likely will require that you purchase a Lender’s Policy. This policy only insures that the financial institution has a valid, enforceable lien on the property. Most lenders require this type of insurance and typically require the borrower to pay for it.
An Owner’s Policy on the other hand is designed to protect you from title defects that existed prior to the issue date of your policy. Title troubles, such as improper estate proceedings or pending legal action, could put your equity at serious risk. If a valid claim is filed, in addition to financial loss up to the face amount of the policy, your owner’s title policy covers the full cost of any legal defense of your title.