Title Tidbits

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: 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? ANSWER:     No.   It is generally unacceptable for a fiduciary to delegate his or her powers or […]

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 and surrounding areas. ALLSTATE TITLE AGENCY      609-489-0442 FNTG No. 106                                                                                                                                                                                                                                       Dec. 28, 2016 FIDELITY NATIONAL TITLE GROUP CHICAGO TITLE INSURANCE […]

Title Tidbits

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?

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 and surrounding areas. ALLSTATE TITLE AGENCY      609-489-0442 Question:  We are being asked to insure a title where there is an active mortgage foreclosure.  The final judgment has been entered but […]

Title Tidbits

Q Title to a single family residence is vested in a married woman individually. Does her husband have to sign the deed?

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 vested spouse cannot mortgage or convey the principal matrimonial residence without involving the non-vested spouse.   Determining whether the land in question is the principal matrimonial residence is the first […]

New Amendments to Manual of Rates and Charges

Please see attached regarding rate manual amendments which are effective February 15, 2016. Please click link below to see PDF of rate manual   Rate Manual – 02-15-2016   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 […]

AllState Title News

Q. How do I handle the situation if the consumer states that they never received the Closing Disclosure (CD)?

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)? We answered this question in our FAQs some time ago but an interesting trend is starting to develop across the lending community.  Our original FAQ answer to the above question […]

AllState Title News

Q. If a consumer writes a statement specifically waiving their right to the three-day review is there a provision to allow for this?

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 lender and tell them the consumer states that they did not receive the CD in advance and then inquire if the lender would like you to proceed. Remember, if the […]