Riviera Realty, Inc.
New Jersey Homes for Sale
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What is Title Insurance and why do I need it? If you are not certain what title insurance is, or what the benefits of it are, you're not alone. Title insurance is indemnity insurance which protects you and your lender against financial loss which can happen from defects in title to real property and also from the invalidity or unenforceability of mortgage liens. Virtually every lender will require title insurance. It generally defends against a lawsuit seeking to overturn title and reimburses the insured for actual monetary losses up to the insured amount of the policy.
Useful Links
New Jersey Land Title Insurance Rating Bureau Manual of Rates and Charges
Riviera Realty offers title services to all of the involve parties - buyers, sellers, lenders and real estate agents. Our job is to coordinate all parties, while transferring money and property during a closing. When using the services of a title company, this process eliminates any risks that there are any claims, assessments, errors, or miscellaneous defects on the title when you purchase the property.
Some of the services provided by Riviera Realty title company include:
Title Search
- A title search looks at the records of the title to insure a clear, transferable title. We make sure that the title is free from liens, judgments and easements.Lien Search
- The search records any outstanding monies due on the title such as lease payments or second mortgages. These must be rectified before the title is cleared for ownership.Title Insurance
- This is a policy issued by a title insurance company protecting the property owner and your financial institution against any errors in the title search and any claims that should arise with the property. The buyer, the seller or both parties can pay for the cost of the title insurance policy.There are (2) two different kinds of Title Insurance:
- Lender's Title Insurance - This type of policy protects the lender from any loss due to problems with the title. It also guarantees that the lender has the first valid lien against the title.
- Owner's Title Insurance - This type of policy protects the buyer from any errors that may surface after the sale of the property is complete. There are no annual premiums to pay and buyer pays for the policy when it is issued.
A seller may purchase a policy to insure that the buyer is receiving a clear title to protect the lender.
This type of policy is the only policy that will protect you from any kind of legal expenses from a resulting dispute.
If you have any questions, or would like more information about Riviera Realty title services, click here for more information.
The information above is provided to help with all your New Jersey and Ocean County real estate needs. Coldwell Banker Riviera Realty, Inc. specializes in Ocean County homes for sale, particularly with Barnegat homes for sale, Berkeley homes for sale, Brick homes for sale, Colts Neck homes for sale, Forked River homes for sale, Freehold homes for sale, Howell homes for sale, Jackson homes for sale, Lakewood homes for sale, Manahawkin homes for sale, Manchester homes for sale, Millstone homes for sale, Plumsted homes for sale, Point Pleasant homes for sale, Point Pleasant Beach homes for sale, Toms River homes for sale, Upper Freehold homes for sale, Wall homes for sale and more.
Coldwell Banker Riviera Realty, Inc. - Company Home
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 02/04/2012. The listing information on this page last changed on 02/04/2012. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MOMLS (last updated Sat 02/04/2012 7:36:29 AM EST) or Ocean County MLS (last updated Sat 02/04/2012 6:49:32 AM EST). Real estate listings held by brokerage firms other than Coldwell Banker Riviera may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --
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