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June 2016 Archives

Beware of title defects before you close

If you are considering purchasing a home in New Jersey, it is important for you to ensure that the person selling it to you has clear title to the property. If you fail to address any title issues before you close, you may later find it difficult to sell the home, find yourself embroiled in litigation, or suffer similar undesirable outcomes. To protect yourself, it is vital that a thorough title search be conducted during the purchase process by a licensed NJ Title Insurance company, and the searches conducted are reviewed by a competent real estate attorney. If a title defect is discovered, you may have the right to cancel the transaction if the seller cannot cure the defect in a reasonable time prior to closing.