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  1. Jul 25, 2022 · Is Title Insurance Required In NJ? Title insurance is not required by law to purchase real estate in New Jersey. However, it is recommended to have it. Additionally, many lenders require the buyer to purchase title insurance as part of the closing process.

  2. When buying real estate in New Jersey, there are two types of title insurance policies that you need to be aware of: the owners policy and the lender’s policy. Both serve different purposes but are equally important in a transaction.

  3. Aug 17, 2023 · Aug 17, 2023. As the title is transferred in a NJ real estate transaction, the ownership rights for the property also transfer. Many title companies and mortgage servicers will encourage or even require property owners to get title insurance for this crucial document. But do you really need it?

  4. 6 days ago · If you are planning to purchase a residential or commercial property in New Jersey, you might wonder whether title insurance is a necessity. The simple answer is that it is not legally required when buying property in the state.

  5. When you refinance, your new lender requires title insurance covering their new mortgage on your property. It provides protection to the lender against events that may have occurred since you purchased the property. The new policy, following updated searches, insures the lender only. It does not protect the borrower.

  6. Jun 21, 2023 · Technically, title insurance is not mandatory under New Jersey law. However, in addition to title insurance is highly recommended, the lender will often require that the buyer purchase title insurance protecting their investment as a primary lien.

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  8. Get the protection you need when buying a home or refinancing your mortgage with this comprehensive guide to title insurance in New Jersey.

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