In transactional real estate land, title insurance is one of the most misunderstood products by lawyers and non-lawyers alike. Yet it needn’t be…if you understand what car/homeowners insurance does there’s no reason you shouldn’t have a basic understanding of what title insurance does. And this recently reported First District Rhone v. First American, No. 1-09-1216 case provides a nice back-drop for a rich and thorough title insurance discussion.You really just need to understand a couple things and you’ll “get” title insurance just like you “get” car insurance. Every insurance policy will have some “effective date.” The confusing issue with title insurance is that whereas a car insurance policy would cover damage the day AFTER the policy’s “effective date” with title insurance, the policy would cover damage the day BEFORE the “effective date.” Title insurance looks backward whereas the car insurance looks forward. Okay?
Posts Tagged ‘title insurance’
The Secret of Title Insurance
Wednesday, July 7th, 2010Underground Storage Tank Removal Funds Available to New Jersey Homeowners — FAQs
Monday, May 24th, 2010If you have ever had a client that has an uderground oil tank, then you know how difficult it was to sell the property. Now, you have the ability to help your clients by informing them of the funds
Underground Storage Tank Removal Funds Available to New Jersey Homeowners — FAQs.
Title Insurance Information Books
Sunday, September 27th, 2009Elite has been handing out to our clients info books with such things as title application forms, realty transfer tax tables, title insurance tables, recording information, etc. If you have not received one, please send us a fax or email…we’d be happy to drop one by.