What does a title company do?

The real estate deal is not just an agreement between the buyer and the seller; it is also a complex process involving various parties. It is a complex process of legal documentation, hidden risks, finances and trust. Title companies work as a saviour as they handle all the intricate business in the real estate deals.

New Jersey title company SJSA ensures that you don’t buy a home with unpaid taxes or fraud claims. Title insurance companies NJ is a service that protects the buyer and seller from any financial loss.

Here, we have covered everything you need to know about title companies, title company insurance and the best place to get one in New Jersey.

An Overview of Title Company:

A title company is an organization or third-party entity involved in a real estate transaction that verifies the legal ownership of the property. Title companies examine the public records to confirm that the seller has the right to transfer ownership.

They ensure that the property has no hidden heirs, taxes, lawsuits, or unpaid loans that will cause problems to the buyer.

What do you mean by title company insurance?

Title company insurance is a policy that protects you from the undiscovered issues in property ownership. It covers several risks associated with the real estate deal, including forged documents and signatures, boundary disputes, clerical errors, and more.

Insurance policies are available for both the buyer and seller, and they are of two types:

1. Owner’s policy: This insurance policy protects the buyer in case of any legal dispute or issue.
2. Lender’s policy: This insurance policy protects the seller or mortgage lender from any legal disputes or issues.

Protect your properties with title company insurance!

Many people confuse insurance as a means to protect them in the future, but this insurance actually protects against any unknown issues of the past that can arise now or in the near future.

The role of the title company in deal closing:

The title company plays a very crucial role in the closing process.

• They verify the document and inspect the property’s condition.
• They are responsible for holding escrow funds till the day of closing.
• Recording the transaction in public records
• Distributing the funds to sellers and agents

Choose SJSA as your title company!

SJSA is a secure and reliable New Jersey title company that provides efficient service and effective results. The features include thorough research of the property, inspection for any potential threats or lawsuits, transparency, and more. We also offer title company insurance, providing you with additional protection against potential issues and threats.

Let’s Summarise!

A title company is an organization that ensures real estate transactions are smooth, secure, and legally binding. They handle all the work that is required to achieve that. SJSA is the best New Jersey title company that provides excellent service and effective results. We also offer insurance that provides you with a double layer of protection against any potential threat.

For the best results, contact SJSA to be your title company today!