What We Do
We provide title insurance on residential and commercial properties throughout NJ.
Real Estate Closing Services
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.
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.
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.
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.
Why should I get title insurance?
What is a property title?
What are potential problems with a title?
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?
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?
The Benefits of Title Insurance
What is lender's insurance?
Why should I get owner's insurance?
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.