QUESTION: Title is vested in the trustee of a trust. He can’t make it to the closing and wants to use a Power of Attorney… Read More »Q Title is vested in the trustee of a trust. He can’t make it to the closing and wants to use a Power of Attorney to authorize his sister to sign everything. Will that be acceptable?
QUESTION: Has the New Jersey Estate Tax been eliminated? ANSWER: For 2017, it has been amended. It is eliminated effective January 1, 2018.… Read More »Q Has the New Jersey Estate Tax been eliminated?
As always, feel free to address any questions to a member of our staff. ALLSTATE Title Agency is a full service Title Insurance Company serving Ocean County, NJ… Read More »Federal Estate Tax Exclusion Set for 2017
As always, feel free to address any questions to a member of our staff. ALLSTATE Title Agency is a full service Title Insurance Company serving Ocean County, NJ… Read More »Q We are being asked to insure a title where there is an active mortgage foreclosure. The final judgment has been entered but the Sheriff’s Sale has not yet occurred. Are there any special requirements?
Probably. New Jersey law gives the non-vested spouse the right of joint possession in the principal matrimonial residence. (NJSA 3B:28-3) Among other things, the… Read More »Q Title to a single family residence is vested in a married woman individually. Does her husband have to sign the deed?
No, it is not. Federal law prohibits separately charging any customer for filing the required 1099-S [26 USC 6045(e)]. You should not feel… Read More »Q Is the charge to process the 1099-S included in the pass-through charges under the NJLTIRB Rate Manual?
Q How do we document that an owner has waived owners title insurance coverage? Answer: Use the Notice and Waiver form. For Notice and Waiver… Read More »Q How do we document that an owner has waived owners title insurance coverage?
Please see attached regarding rate manual amendments which are effective February 15, 2016. Please click link below to see PDF of rate manual Rate… Read More »New Amendments to Manual of Rates and Charges
Title’s TRIDBITS – Game On Volume 23 How do I handle the situation if the consumer states that they never received the Closing Disclosure (CD)?… Read More »Q. How do I handle the situation if the consumer states that they never received the Closing Disclosure (CD)?
TITLE TRIDbits Volume 5 How do I handle the situation if the consumer states that they never received the Closing Disclosure (CD)? Simply call the… Read More »Q. If a consumer writes a statement specifically waiving their right to the three-day review is there a provision to allow for this?