Answer: Naturally our first choice is to have them paid and/or released.
Often, however, they are unwilling to do so and instead are offering an indemnification. We may be willing to accept such an indemnification from the lender on a case by case basis. Approval for accepting such an indemnification should be obtained from a member of our underwriting staff.
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 TITL AGENCY 609-489-0442
The information provided is for informational purposes only, courtesy of Old Republic National Title Insurance Company, and should not be used or relied upon for any other purpose. This information is not intended nor should it be construed as providing legal advice. Always seek the advice of competent counsel with any questions you may have regarding any legal issue.
3/2015