New Jersey Title Insurance
For most home owners, purchasing their home is the largest financial transaction of their lives. Inevitably, the process brings many emotions to the surface, including excitement and stress. It’s important to remember that you have a support team working with you – your real estate agent, lender, lawyer and your title company. When you choose Heritage Abstract to provide title services, you gain the assistance of a highly competent, professional and friendly company that will do everything possible to lower your stress level before and during the closing.
We do this by ensuring that the property is free of title problems and that the seller can sell it to you without encumbrances. The role of a title company is to research the property’s title status, find any obstacles that might interfere with the purchase and insure you against title-related financial losses.
In most cases, a title search successfully uncovers any liens or other problems with a property. However, because problems are sometimes not discovered before the closing, buyers purchase title insurance to cover against claims and legal fees arising from back taxes, unknown heirs, prior liens by a previous owner, forged signatures and many other deficiencies.An owner’s title insurance policy protects you from:
- Unpaid mortgages
- Unpaid property taxes
- Child support liens
- Missing heirs who could claim ownership of the property
- Unsecured easements or rights of way that could limit your use of the property