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For all of your title insurance needs, the choice is clear.

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What We Do

We provide title insurance on residential and commercial properties throughout NJ.

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Title Services

We provide title insurance on residential and commercial properties throughout New Jersey. All commitments are delivered overnight to you, as well as to the seller’s attorney, review attorney and lender if requested. We can email your title commitments, endorsements and anything else you require. We can also file notices of settlement on your behalf.

Real Estate Closing Services

Coordinating closing issues and keeping track of the paperwork that other parties might miss is something we excel at. Our staff will work to clear title requirements and obtain final closing figures from lenders. Clients can rest assured that all details – such as preparing HUD-1 and affidavit of title, dispersing the checks and, of course, making sure that the title policies are issued – are all completed in a timely manner.

WE’RE THE PREEMINENT TITLE COMPANY OF NEW JERSEY.

At Forescene Title Agency, we offer owner’s title insurance and settlement services. You can find us in beautiful Bergen County, New Jersey, with our headquarters based in Oradell, just a stone’s throw away from Paramus and Hackensack.

We have been serving New Jersey for years as an upstanding member of our local community. We know New Jersey, and we understand the ins and outs of estate settlements and how to help the people of New Jersey protect themselves from fraud and title defects.

Title Services

A land title guarantee is a necessity in this day and age when purchasing a home. Title insurance protects the real estate owner against claims of defects regarding the title. Helping to minimize the risks of errors in the first place is also important.

We provide present owner mortgage and lien searches, upper court searches, bankruptcy and foreclosure searches, and much more. Forescene Title Agency endeavors to leave no stone unturned in an effort to protect all parties involved – including both buyers and sellers.

Closing Services

Our company also offers closing services. Coordinating closing issues and keeping track of the paperwork that other parties might miss is something we excel at. Our staff will work to clear title requirements and obtain final closing figures from the lender.

We work quickly and efficiently, and our clients know they can rely on us to take care of all of the details of the closing process on their behalf – from the start, all the way to the very end.

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Title Insurance & Settlement Services

Forescene Title Agency is a full-service title company with a strong community standing and a wealth of expertise regarding real estate title insurance and settlement services.

There is no longer a question regarding, “Should I buy title insurance?” or “Where can I find a reputable title insurance company?” Forescene Title Agency is the answer, and we look forward to serving you.

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FAQ

Common questions you might have about title insurance.
Why should I get title insurance?
Title insurance, like most insurance, protects against the unexpected. However, title insurance functions differently from conventional insurance, such as health insurance or car insurance, which protect a policyholder from future occurrences. Title insurance protects a property owner from any problems that have occurred in the past, and a policy extends backward indefinitely.
What is a property title?
A property title is a formal document which serves as proof that the holder legally owns a specific piece of property. Every transaction regarding ownership of land has been recorded and archived, and in order to transfer a title from a seller to a buyer, the document must be free of any defects which would potentially nullify a new owner’s right to possess the land.
What are potential problems with a title?
To legally transfer property from a seller to a buyer, a title search must be conducted, for quite a few reasons. If the property has been financed and the debt is still outstanding, a condition known as a lien, a mortgage company can refuse to finance the home for a new owner. Tax liens, if not found prior to the sale, are not automatically removed, and an old debt may be transferred to a new owner.

An easement grants others the ability to use property without actually owning it, and such a clause may be overlooked, leading to disputes between the multiple parties involved. Forgeries, heirs of previous owners who claim to have rights to the land – these are just some potential problems with a title which a new owner may face.

What is a Title Search?
While such prospective complications should be documented on a property title, and likely are, there are many records to scrutinize and specifics to examine. It is certainly recommended to conduct a title search whether the property is going to be financed or not, but a lender will require that a title search is conducted in order to discover if the title has any outstanding defects or drawbacks.

It is, unfortunately, possible to identify problems with a title once the sale has already been finalized, at which point, a resolution will likely include lawyers, court, and all of the fees that coincide with those matters. This means the hassle of meetings with attorneys, court appearances, and the worst-case scenario – the loss of property. This is why an extensive title search is conducted prior to the sale of property.

What does a title search include?

A title insurance company searches government records, and any relevant documents, tracing the history of the land’s ownership. Various searches are conducted by a title insurance company, and examples include:

  • All official land records
  • Current owner searches for outstanding mortgages and liens
  • Chancery abstracts and certificates of regularity review foreclosures
  • Problems with deeds and trusts
  • Statewide searches investigate bankruptcies and child support judgments

The prospective new property owner must decide if the property is still worth owning if the search returns any of the above-mentioned defects. If and when these matters are uncovered, it is the potential buyer’s decision to go forward and purchase the property or cancel the deal.

What are some oversights in a title search?
Although a good, thorough search will be conducted, human error is always a possibility. It is conceivable that an investigator may overlook a defect on a title. If such an oversight happens, problems may arise once the new owner already possesses the property. It may then be the new owner’s responsibility to fulfill the previous owner’s obligations. If a ruling was made that outstanding payments be satisfied, the new property owner could have just inherited enormous financial hardship.
The Benefits of Title Insurance
Title insurance protects against any claim against rightful ownership of a title. A forgery from a decade ago can be discovered tomorrow. A divorcee may have never notified his or her spouse to the sale of their property, so if the other party never agreed to the sale, he or she may still have rights to your new home. While investigators who check title records are professionals, people do make mistakes. Title insurance guarantees protection from threats to ownership should a claim occur. However, there are two different types of title insurance, and there is an important distinction between them.
What is lender's insurance?
A lender’s insurance policy is typically required by the real estate investor, but it only protects the lender’s interests. If a claim is made against the home, lender’s coverage will not extend to the property owner. Although the owner must pay for the lender’s insurance, an owner’s policy can prove to be invaluable. Only an owner’s policy protects the owner from any problems that may be found with the title after closing the sale of the property.
Why should I get owner's insurance?
While an owner must purchase a separate policy from a lender’s policy, any investment into the property is not protected without it. An owner’s policy assures financial protection against anything that occurred prior to the closing date. A small mistake on a title or a simple oversight can become a significant problem very quickly. A new owner may experience significant financial loss simply because of the lack of an owner’s policy.

Owner’s insurance only protects a current owner; even if the previous owner possessed title insurance, the policy only protected that owner. Typically, a lender will require an owner to purchase a policy, but if that is not the case, the owner should buy a policy in order to be protected from potential problems. Owner’s insurance guarantees the policyholder a team of experts and a legal defense should complications arise.

A policy is only purchased once and will remain in effect until the property is sold, at no additional cost. A lender may encourage a buyer to purchase an owner’s policy. However, a lender cannot legally adjust a rate in exchange for the use of a particular insurance company. The owner is free to pick any title insurance company without obligation.

How much does Title Insurance Cost?
Rates for title insurance policies vary depending on the price of the property and the mortgage amount. However, rates are inexpensive compared to the total amount of a mortgage and the peace of mind that a new property owner can have knowing that, no matter what occurs, a substantial and significant investment is protected. Remember, an owner’s policy lasts as long as you or your heirs own the home – a policy never has to be renewed. Therefore, the value of title insurance greatly outweighs the cost.
Who Needs Title Insurance?
Anyone who wants to have a secure future on a piece of property can only be protected by having an owner’s policy. In the event that trouble arises with your title, you will have a team of specialists who will defend you against a claim. As a new property owner, you have enough concerns, so don’t needlessly risk your new land and jeopardize your future. It is a smart decision to purchase an owner’s policy as soon as you close on a home.

Contact us about your title insurance and settlement service needs.

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trudy@forescenetitle.com
201-261-4252

201-568-0060

700 Kinderkamack Road, Suite 206
Oradell, NJ 07649